Nexstar Media Group (NASDAQ:NXST) Price Target Raised to $270.00

Nexstar Media Group (NASDAQ:NXST) had its target price raised by Deutsche Bank Aktiengesellschaft from $250.00 to $270.00 in a research report sent to investors on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Guggenheim lifted their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Barrington Research reissued an “outperform” rating and issued a $290.00 price target on shares of Nexstar Media Group in a report on Tuesday, March 3rd. Benchmark upped their price objective on shares of Nexstar Media Group from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nexstar Media Group in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.00.

Nexstar Media Group Stock Performance

Shares of NXST stock opened at $218.10 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $6.61 billion, a PE ratio of 74.18, a price-to-earnings-growth ratio of 0.87 and a beta of 0.79. The stock has a 50-day moving average of $228.98 and a 200-day moving average of $208.85. Nexstar Media Group has a one year low of $141.66 and a one year high of $254.30.

Nexstar Media Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $1.86 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $7.44 dividend on an annualized basis and a yield of 3.4%. Nexstar Media Group’s payout ratio is presently 253.06%.

Institutional Investors Weigh In On Nexstar Media Group

Large investors have recently made changes to their positions in the stock. Torren Management LLC bought a new stake in Nexstar Media Group in the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $28,000. Root Financial Partners LLC acquired a new stake in shares of Nexstar Media Group in the 3rd quarter valued at about $31,000. WPG Advisers LLC lifted its holdings in shares of Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Nexstar Media Group by 164.5% in the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

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.