Nexstar Media Group (NASDAQ:NXST) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts have also recently commented on the stock. ValuEngine upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Noble Financial cut shares of Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Stephens set a $94.00 price target on shares of Nexstar Media Group and gave the company a “buy” rating in a research note on Thursday, August 9th. Evercore ISI assumed coverage on shares of Nexstar Media Group in a research note on Tuesday, July 31st. They set an “in-line” rating and a $87.00 price target on the stock. Finally, Jefferies Financial Group restated a “buy” rating and set a $87.00 price target on shares of Nexstar Media Group in a research note on Tuesday, July 24th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Nexstar Media Group presently has an average rating of “Buy” and a consensus target price of $90.08.

NXST opened at $79.45 on Wednesday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.01 and a beta of 1.89. Nexstar Media Group has a twelve month low of $56.65 and a twelve month high of $89.75.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Wednesday, August 8th. The company reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.14. The firm had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $657.92 million. Nexstar Media Group had a net margin of 22.07% and a return on equity of 17.28%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. research analysts anticipate that Nexstar Media Group will post 8.09 earnings per share for the current fiscal year.

In related news, insider Douglas Davis sold 1,875 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $77.41, for a total transaction of $145,143.75. Following the sale, the insider now owns 683 shares of the company’s stock, valued at approximately $52,871.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Alford sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $82.30, for a total transaction of $82,300.00. Following the sale, the insider now directly owns 370 shares in the company, valued at approximately $30,451. The disclosure for this sale can be found here. Insiders have sold a total of 7,501 shares of company stock worth $567,782 in the last ninety days. 6.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of NXST. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Nexstar Media Group by 64.8% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock worth $178,000 after acquiring an additional 953 shares during the period. SG Americas Securities LLC increased its holdings in Nexstar Media Group by 99.7% during the 1st quarter. SG Americas Securities LLC now owns 3,029 shares of the company’s stock worth $201,000 after acquiring an additional 1,512 shares during the period. Fortaleza Asset Management Inc. increased its holdings in Nexstar Media Group by 148.0% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 2,815 shares of the company’s stock worth $207,000 after acquiring an additional 1,680 shares during the period. Zeke Capital Advisors LLC bought a new stake in Nexstar Media Group during the 2nd quarter worth approximately $211,000. Finally, Creative Planning bought a new stake in Nexstar Media Group during the 2nd quarter worth approximately $224,000.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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