Nexstar Media Group, Inc. (NASDAQ:NXST) Receives Consensus Rating of “Moderate Buy” from Analysts

Nexstar Media Group, Inc. (NASDAQ:NXST) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $198.50.

A number of analysts have recently issued reports on NXST shares. Wells Fargo & Company cut their price objective on Nexstar Media Group from $221.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Nexstar Media Group from $207.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Benchmark restated a “buy” rating and set a $215.00 target price on shares of Nexstar Media Group in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Nexstar Media Group Trading Down 0.3 %

NASDAQ NXST opened at $170.59 on Monday. Nexstar Media Group has a 12 month low of $141.38 and a 12 month high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The stock has a 50 day moving average of $169.31 and a 200-day moving average of $167.04. The company has a market cap of $5.29 billion, a PE ratio of 9.87, a PEG ratio of 0.20 and a beta of 1.48.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings data on Thursday, November 7th. The company reported $5.27 EPS for the quarter, missing analysts’ consensus estimates of $5.51 by ($0.24). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business earned $0.70 EPS. The business’s revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that Nexstar Media Group will post 24.53 EPS for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.76 annualized dividend and a dividend yield of 3.96%. Nexstar Media Group’s dividend payout ratio is presently 39.10%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, insider Andrew Alford sold 3,175 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $167.82, for a total transaction of $532,828.50. Following the sale, the insider now directly owns 9,173 shares in the company, valued at $1,539,412.86. This represents a 25.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Blake Russell sold 2,782 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $169.92, for a total transaction of $472,717.44. Following the completion of the transaction, the executive vice president now owns 22,329 shares of the company’s stock, valued at $3,794,143.68. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,423 shares of company stock worth $7,916,739. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Nexstar Media Group

Several institutional investors and hedge funds have recently modified their holdings of NXST. CX Institutional raised its stake in Nexstar Media Group by 5.0% during the third quarter. CX Institutional now owns 1,396 shares of the company’s stock worth $231,000 after acquiring an additional 67 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Nexstar Media Group by 7.3% during the 3rd quarter. Blue Trust Inc. now owns 1,088 shares of the company’s stock valued at $181,000 after purchasing an additional 74 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in Nexstar Media Group by 0.6% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,903 shares of the company’s stock worth $2,308,000 after purchasing an additional 87 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Nexstar Media Group by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 4,217 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Nexstar Media Group by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 10,185 shares of the company’s stock valued at $1,684,000 after acquiring an additional 117 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.