BidaskClub upgraded shares of Nexstar Media Group (NASDAQ:NXST) from a hold rating to a buy rating in a research note released on Thursday morning.

NXST has been the topic of several other research reports. Noble Financial lowered Nexstar Media Group from a buy rating to a hold rating in a research note on Monday, August 20th. Zacks Investment Research lowered Nexstar Media Group from a hold rating to a sell rating in a research note on Wednesday, November 14th. Stephens set a $94.00 price target on Nexstar Media Group and gave the stock a buy rating in a research note on Thursday, August 9th. B. Riley boosted their price target on Nexstar Media Group from $87.00 to $92.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Finally, ValuEngine downgraded Nexstar Media Group from a buy rating to a hold rating in a research report on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Nexstar Media Group currently has a consensus rating of Buy and a consensus target price of $92.50.

Shares of NASDAQ:NXST opened at $78.99 on Thursday. The company has a market cap of $3.60 billion, a PE ratio of 19.85, a PEG ratio of 0.94 and a beta of 1.76. The company has a debt-to-equity ratio of 2.34, a quick ratio of 2.09 and a current ratio of 2.09. Nexstar Media Group has a 12 month low of $60.30 and a 12 month high of $89.75.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 8th. The company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.15. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $676.34 million. Nexstar Media Group had a return on equity of 19.12% and a net margin of 23.45%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Analysts expect that Nexstar Media Group will post 8.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.90%. Nexstar Media Group’s dividend payout ratio is currently 37.69%.

In other Nexstar Media Group news, Director Lisbeth Mcnabb sold 1,400 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $80.70, for a total value of $112,980.00. Following the completion of the transaction, the director now directly owns 1,725 shares in the company, valued at approximately $139,207.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Alford sold 1,000 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $82.30, for a total value of $82,300.00. Following the completion of the transaction, the insider now owns 370 shares of the company’s stock, valued at $30,451. The disclosure for this sale can be found here. Insiders have sold a total of 24,925 shares of company stock valued at $2,036,853 over the last 90 days. Insiders own 6.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. raised its holdings in Nexstar Media Group by 1.7% in the 2nd quarter. Sit Investment Associates Inc. now owns 44,525 shares of the company’s stock valued at $3,268,000 after acquiring an additional 725 shares during the last quarter. Balter Liquid Alternatives LLC raised its holdings in Nexstar Media Group by 1.5% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 50,100 shares of the company’s stock valued at $3,665,000 after acquiring an additional 735 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Nexstar Media Group by 7.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,726 shares of the company’s stock valued at $954,000 after acquiring an additional 794 shares during the last quarter. Strs Ohio raised its holdings in Nexstar Media Group by 1.1% in the 2nd quarter. Strs Ohio now owns 71,400 shares of the company’s stock valued at $5,240,000 after acquiring an additional 800 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Nexstar Media Group by 64.8% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock valued at $178,000 after acquiring an additional 953 shares during the last quarter.

About Nexstar Media Group

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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