Nexstar Media Group, Inc. (NASDAQ:NXST) Receives $208.43 Consensus Price Target from Analysts

Shares of Nexstar Media Group, Inc. (NASDAQ:NXST) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $205.71.

NXST has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $200.00 target price on shares of Nexstar Media Group in a research report on Wednesday, March 5th. Wells Fargo & Company reduced their price objective on shares of Nexstar Media Group from $216.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Guggenheim lifted their price target on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Benchmark lowered their price objective on shares of Nexstar Media Group from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, StockNews.com downgraded shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Nexstar Media Group Stock Up 0.8 %

NASDAQ NXST opened at $155.77 on Thursday. The business’s fifty day simple moving average is $162.77 and its 200-day simple moving average is $162.24. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm has a market cap of $4.75 billion, a PE ratio of 9.01, a P/E/G ratio of 0.45 and a beta of 1.06. Nexstar Media Group has a 52 week low of $141.66 and a 52 week high of $191.86.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. As a group, equities analysts anticipate that Nexstar Media Group will post 21.62 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $1.86 dividend. The ex-dividend date is Monday, May 19th. This represents a $7.44 annualized dividend and a yield of 4.78%. Nexstar Media Group’s dividend payout ratio is presently 34.56%.

Insider Transactions at Nexstar Media Group

In related news, CEO Perry A. Sook sold 32,096 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $170.67, for a total transaction of $5,477,824.32. Following the completion of the transaction, the chief executive officer now directly owns 806,019 shares of the company’s stock, valued at $137,563,262.73. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Alford sold 3,768 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.98, for a total value of $685,700.64. Following the completion of the sale, the insider now directly owns 5,405 shares in the company, valued at $983,601.90. This represents a 41.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,105 shares of company stock valued at $6,722,463. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXST. SBI Securities Co. Ltd. purchased a new stake in shares of Nexstar Media Group during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Nexstar Media Group during the 3rd quarter worth about $33,000. Whipplewood Advisors LLC increased its holdings in shares of Nexstar Media Group by 830.3% in the 1st quarter. Whipplewood Advisors LLC now owns 307 shares of the company’s stock valued at $55,000 after acquiring an additional 274 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Nexstar Media Group by 62.3% during the 1st quarter. First Horizon Advisors Inc. now owns 401 shares of the company’s stock worth $72,000 after acquiring an additional 154 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Nexstar Media Group by 2,126.3% during the first quarter. Versant Capital Management Inc now owns 423 shares of the company’s stock worth $76,000 after purchasing an additional 404 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.