Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Nexstar Media Group (NASDAQ:NXST) Stock

Nexstar Media Group (NASDAQ:NXST) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $225.00 to $250.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 3.97% from the company’s previous close.

A number of other brokerages have also issued reports on NXST. Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Citigroup lowered their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.50.

Nexstar Media Group Stock Down 2.1%

Shares of NASDAQ:NXST opened at $240.45 on Tuesday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.93 and a beta of 0.85. Nexstar Media Group has a 12-month low of $141.66 and a 12-month high of $254.30. The business has a 50-day moving average price of $209.36 and a 200 day moving average price of $201.02. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXST. Pacer Advisors Inc. raised its stake in Nexstar Media Group by 43.3% in the 3rd quarter. Pacer Advisors Inc. now owns 430,913 shares of the company’s stock valued at $85,209,000 after purchasing an additional 130,283 shares during the last quarter. Momentum Wealth Planning LLC acquired a new stake in shares of Nexstar Media Group during the 2nd quarter worth about $2,798,000. D.A. Davidson & CO. grew its stake in Nexstar Media Group by 12.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,024 shares of the company’s stock worth $350,000 after acquiring an additional 222 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Nexstar Media Group by 13.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 642,609 shares of the company’s stock valued at $127,070,000 after purchasing an additional 75,228 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Nexstar Media Group by 63.0% in the 3rd quarter. Principal Financial Group Inc. now owns 488,292 shares of the company’s stock valued at $96,557,000 after purchasing an additional 188,695 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 is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.