Nexstar Media Group (NASDAQ: NXST – Get a rating) had its target price raised by Rosenblatt Securities to $181.00 in a research note released Monday morning, Target Stock Advisor reports. They currently have a na rating on the stock.
Other equity research analysts have also recently published research reports on the company. Guggenheim raised its price target on Nexstar Media Group from $210.00 to $220.00 in a Wednesday, May 11 report. Zacks Investment Research upgraded Nexstar Media Group from a sell rating to a hold rating in a Tuesday, March 8 report. Deutsche Bank Aktiengesellschaft raised its price target on Nexstar Media Group from $216.00 to $225.00 in a Thursday, May 12 report. Benchmark raised its price target on Nexstar Media Group from $200.00 to $225.00 and gave the stock a buy rating in a Wednesday, February 23 report. To finish, StockNews.com upgraded Nexstar Media Group from a hold rating to a buy rating in a Thursday, May 12, report. One analyst gave the stock a hold rating and five gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has an average Buy rating and an average price target of $205.75.
NASDAQ NXST opened at $171.75 on Monday. The company has a market capitalization of $6.94 billion, a price/earnings ratio of 8.34, a P/E/G ratio of 0.70 and a beta of 1.54. Nexstar Media Group has a 52-week low of $135.87 and a 52-week high of $192.84. The company has a 50-day moving average price of $175.21 and a 200-day moving average price of $167.32. The company has a quick ratio of 1.79, a current ratio of 2.02 and a debt ratio of 2.47.
Nexstar Media Group (NASDAQ: NXST – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported EPS of $5.99 for the quarter, beating the consensus estimate of $4.89 by $1.10. The company posted revenue of $1.21 billion in the quarter, versus a consensus estimate of $1.19 billion. Nexstar Media Group achieved a return on equity of 32.08% and a net margin of 18.66%. The company’s quarterly revenue increased 6.9% year over year. In the same quarter a year earlier, the company posted earnings per share of $4.42. On average, equity research analysts expect Nexstar Media Group to post earnings per share of 25.58 for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27. Shareholders of record on Friday, May 13 will receive a dividend of $0.90. The ex-dividend date is Thursday, May 12. This represents an annualized dividend of $3.60 and a yield of 2.10%. Nexstar Media Group’s dividend payout ratio is currently 17.48%.
In other news, COO Thomas Carter sold 5,000 shares of the company in a trade on Tuesday, March 1. The stock was sold at an average price of $185.48, for a total transaction of $927,400.00. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, insider Karen A. Brophy sold 350 shares of the company in a trade on Tuesday, March 1. The shares were sold at an average price of $185.61, for a total value of $64,963.50. Disclosure of this sale can be found here. In the past three months, insiders have sold 37,919 shares of the company worth $7,075,467. Insiders hold 6.90% of the shares of the company.
Several hedge funds and other institutional investors have recently changed their holdings to NXST. Advisor Group Holdings Inc. increased its position in Nexstar Media Group shares by 10.6% during the third quarter. Advisor Group Holdings Inc. now owns 15,480 shares of the company valued at $2,355,000 after purchasing an additional 1,486 shares in the last quarter. Principal Financial Group Inc. increased its position in Nexstar Media Group shares by 35.7% during the third quarter. Principal Financial Group Inc. now owns 134,078 shares of the company valued at $20,374,000 after purchasing an additional 35,260 shares in the last quarter. Barclays PLC increased its position in Nexstar Media Group shares by 64.6% during the third quarter. Barclays PLC now owns 62,279 shares in the company valued at $9,463,000 after buying a further 24,433 shares in the last quarter. CIBC Asset Management Inc. increased its position in Nexstar Media Group shares by 4.4% during the third quarter. CIBC Asset Management Inc. now owns 1,771 shares of the company valued at $269,000 after purchasing an additional 75 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Nexstar Media Group shares by 87.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 356 shares of the company valued at $54,000 after purchasing an additional 166 shares in the last quarter. 96.00% of the shares are currently held by hedge funds and other institutional investors.
Nexstar Media Group Company Profile (Get a rating)
Nexstar Media Group, Inc, a television broadcasting and digital media company, is focused on the acquisition, development and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to viewers.
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