Nexstar Media Group (NASDAQ:NXST) Price Target Raised to $290.00 at Guggenheim

Nexstar Media Group (NASDAQ:NXST) had its target price boosted by Guggenheim from $250.00 to $290.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup lowered their target price on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nexstar Media Group in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Nexstar Media Group from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.29.

Nexstar Media Group Price Performance

Shares of Nexstar Media Group stock opened at $251.02 on Friday. The business has a 50 day simple moving average of $217.69 and a two-hundred day simple moving average of $204.89. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $254.30. The stock has a market capitalization of $7.61 billion, a P/E ratio of 85.38, a PEG ratio of 0.96 and a beta of 0.85. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 13th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.0%. Nexstar Media Group’s dividend payout ratio is currently 46.13%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Torren Management LLC purchased a new stake in shares of Nexstar Media Group in the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nexstar Media Group in the third quarter valued at $28,000. Root Financial Partners LLC purchased a new stake in shares of Nexstar Media Group in the 3rd quarter valued at $31,000. Allworth Financial LP lifted its stake in Nexstar Media Group by 617.2% during the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 179 shares in the last quarter. Finally, WPG Advisers LLC boosted its holdings in Nexstar Media Group by 65.7% during the 4th quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Nexstar Media Group News Roundup

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Several firms raised targets and reiterated buys/overweights — Benchmark boosted its target to $300 and kept a Buy, Wells Fargo raised its target to $290 with an Overweight, and Guggenheim raised its target to $290 and kept a Buy. These upgrades imply meaningful upside and likely helped push the stock higher. Benzinga
• Neutral Sentiment: Q4 revenue ($1.29B) came in roughly above consensus ($1.25B) but was down ~13% YoY, showing top-line resilience even as advertising weakness persists. Yahoo Finance
• Neutral Sentiment: Company earnings call/transcript coverage and analyst commentary highlight that NXST’s underlying operations appear stable and that on a non‑GAAP forward multiple it looks inexpensive versus peers — a valuation point investors may focus on if regulatory risks ease. Seeking Alpha
• Negative Sentiment: Big GAAP EPS miss: Nexstar reported ($5.63) EPS vs. consensus ~$4.01, driven in part by a $381M impairment and the absence of election-year advertising — a material hit that explains part of investor caution despite analyst upgrades. MarketBeat Earnings
• Negative Sentiment: Regulatory and legal uncertainty around the proposed Tegna acquisition remains a significant overhang; analysts and coverage note that regulatory hurdles could materially affect NXST’s outlook and deal thesis. Seeking Alpha
• Negative Sentiment: Short interest rose ~21.5% in February to ~2.2M shares (≈7.8% of float), increasing potential downside pressure or volatility if sentiment turns negative. (Data reported through Feb. 13.)

About Nexstar Media Group

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.