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

Several other research analysts have also weighed in on NXST. Royal Bank of Canada reissued a buy rating and set a $81.00 price objective on shares of Nexstar Media Group in a report on Monday, September 18th. Jefferies Group reissued a buy rating and set a $80.00 price objective on shares of Nexstar Media Group in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Nexstar Media Group from a buy rating to a hold rating in a report on Tuesday, October 17th. Guggenheim started coverage on shares of Nexstar Media Group in a report on Wednesday, October 18th. They set a buy rating and a $90.00 price objective for the company. Finally, Deutsche Bank started coverage on shares of Nexstar Media Group in a report on Friday, October 20th. They set a buy rating and a $80.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $85.10.

Nexstar Media Group (NASDAQ:NXST) traded down $0.55 on Friday, reaching $79.45. 542,867 shares of the company were exchanged, compared to its average volume of 725,094. The firm has a market cap of $3,620.00, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 0.80 and a beta of 2.21. Nexstar Media Group has a 1-year low of $55.95 and a 1-year high of $80.45. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.35 and a current ratio of 1.35.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.09. The business had revenue of $611.87 million during the quarter, compared to analyst estimates of $609.44 million. Nexstar Media Group had a net margin of 5.60% and a return on equity of 16.20%. The business’s revenue was up 122.0% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. analysts forecast that Nexstar Media Group will post 3.46 earnings per share for the current year.

In other news, insider Timothy C. Busch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $79.13, for a total value of $791,300.00. Following the transaction, the insider now directly owns 50,214 shares in the company, valued at approximately $3,973,433.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lisbeth Mcnabb sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $79.61, for a total transaction of $398,050.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $398,050. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 345,860 shares of company stock worth $23,290,703. Insiders own 7.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. lifted its position in shares of Nexstar Media Group by 0.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 23,312 shares of the company’s stock worth $1,394,000 after buying an additional 131 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Nexstar Media Group by 8.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,990 shares of the company’s stock worth $239,000 after buying an additional 312 shares during the last quarter. Amalgamated Bank lifted its position in shares of Nexstar Media Group by 10.8% in the 2nd quarter. Amalgamated Bank now owns 5,951 shares of the company’s stock worth $356,000 after buying an additional 582 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its position in shares of Nexstar Media Group by 8.8% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 8,195 shares of the company’s stock worth $490,000 after buying an additional 660 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Nexstar Media Group by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 52,910 shares of the company’s stock worth $3,296,000 after buying an additional 776 shares during the last quarter.

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Nexstar Media Group Company Profile

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

Analyst Recommendations for Nexstar Media Group (NASDAQ:NXST)

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