Nexstar Media Group (NASDAQ:NXST) Stock Rating Upgraded by Loop Capital

Nexstar Media Group (NASDAQ:NXST) was upgraded by equities research analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a $200.00 price target on the stock, up from their prior price target of $190.00. Loop Capital’s price objective suggests a potential upside of 18.24% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of Nexstar Media Group in a research report on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Nexstar Media Group in a report on Thursday. Guggenheim reiterated a “buy” rating on shares of Nexstar Media Group in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $210.29.

Nexstar Media Group Trading Up 4.0 %

Shares of NXST opened at $169.15 on Friday. The firm has a market cap of $5.25 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.68 and a quick ratio of 1.68. Nexstar Media Group has a 1 year low of $146.04 and a 1 year high of $191.86. The company has a 50 day simple moving average of $155.29 and a two-hundred day simple moving average of $163.44.

Nexstar Media Group (NASDAQ:NXST) last posted its earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. On average, equities analysts expect that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nexstar Media Group news, CEO Perry A. Sook sold 52,808 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $157.41, for a total value of $8,312,507.28. Following the completion of the sale, the chief executive officer now owns 674,694 shares of the company’s stock, valued at $106,203,582.54. This trade represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bernadette S. Aulestia sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $164.45, for a total value of $82,225.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $328,900. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,493 shares of company stock valued at $20,354,366 over the last three months. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nexstar Media Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group purchased a new stake in Nexstar Media Group in the third quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in shares of Nexstar Media Group in the fourth quarter worth about $25,000. True Wealth Design LLC purchased a new position in Nexstar Media Group in the 3rd quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Nexstar Media Group in the 3rd quarter worth about $33,000. Finally, Capital Performance Advisors LLP bought a new stake in Nexstar Media Group during the 3rd quarter valued at about $44,000. 95.30% of the stock is 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.