Nexstar Media Group (NASDAQ:NXST) had its price target upped by investment analysts at Stephens from $94.00 to $105.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price target suggests a potential upside of 23.09% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Saturday, November 17th. BidaskClub raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. ValuEngine raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. B. Riley raised their target price on shares of Nexstar Media Group from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, Gabelli initiated coverage on shares of Nexstar Media Group in a research report on Tuesday, November 27th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.80.

Nexstar Media Group stock opened at $85.30 on Tuesday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.75. Nexstar Media Group has a 1-year low of $60.30 and a 1-year high of $89.75. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 2.34.

Nexstar Media Group (NASDAQ:NXST) last released its earnings results on Thursday, November 8th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $676.34 million. Nexstar Media Group had a net margin of 23.45% and a return on equity of 19.12%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. On average, research analysts anticipate that Nexstar Media Group will post 8.41 earnings per share for the current year.

In other news, Director Lisbeth Mcnabb sold 1,400 shares of Nexstar Media Group stock in a transaction dated Friday, September 14th. The shares were 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 owns 1,725 shares of the company’s stock, valued at approximately $139,207.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay M. Grossman sold 3,125 shares of Nexstar Media Group stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $80.66, for a total transaction of $252,062.50. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $4,033,000. The disclosure for this sale can be found here. In the last three months, insiders sold 23,925 shares of company stock valued at $1,954,553. Insiders own 6.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of 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 period. Engineers Gate Manager LP bought a new position in shares of Nexstar Media Group in the 3rd quarter valued at about $204,000. Parametrica Management Ltd bought a new position in shares of Nexstar Media Group in the 3rd quarter valued at about $205,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth about $217,000. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of Nexstar Media Group during the 3rd quarter worth about $231,000.

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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