Nexstar Media Group (NASDAQ:NXST) Given New $250.00 Price Target at Wells Fargo & Company

Nexstar Media Group (NASDAQ:NXST) had its price target boosted by Wells Fargo & Company from $249.00 to $250.00 in a research report report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on NXST. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Monday, August 24th. Wall Street Zen lowered Nexstar Media Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research cut shares of Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating for the company in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $256.67.

Nexstar Media Group Stock Performance

Shares of NASDAQ NXST traded up $2.05 during mid-day trading on Friday, hitting $190.02. The company had a trading volume of 484,758 shares, compared to its average volume of 301,882. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 17.29 and a beta of 0.97. The firm’s 50 day simple moving average is $167.80 and its two-hundred day simple moving average is $191.75. Nexstar Media Group has a 12 month low of $153.17 and a 12 month high of $254.30. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings results on Thursday, November 5th. The company reported $7.92 EPS for the quarter, missing analysts’ consensus estimates of $8.08 by ($0.16). Nexstar Media Group had a return on equity of 24.02% and a net margin of 3.20%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $2.14 earnings per share. The firm’s quarterly revenue was up 78.0% compared to the same quarter last year. As a group, equities research analysts forecast that Nexstar Media Group will post 32.88 earnings per share for the current year.

Nexstar Media Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 13th. Nexstar Media Group’s dividend payout ratio is presently 142.80%.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, COO Michael Biard sold 2,465 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $185.82, for a total transaction of $458,046.30. Following the transaction, the chief operating officer owned 20,890 shares of the company’s stock, valued at approximately $3,881,779.80. This represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Andrew Alford sold 2,823 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $165.69, for a total value of $467,742.87. Following the completion of the transaction, the insider owned 11,726 shares in the company, valued at $1,942,880.94. The trade was a 19.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,596 shares of company stock valued at $1,733,169 over the last three months. 7.00% 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 made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Nexstar Media Group by 1.8% in the first quarter. Janus Henderson Group PLC now owns 643,864 shares of the company’s stock valued at $116,427,000 after acquiring an additional 11,477 shares during the last quarter. Principal Financial Group Inc. lifted its position in Nexstar Media Group by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 488,744 shares of the company’s stock valued at $88,381,000 after purchasing an additional 7,661 shares during the period. Bank of America Corp DE lifted its position in Nexstar Media Group by 17.0% during the 1st quarter. Bank of America Corp DE now owns 173,269 shares of the company’s stock valued at $31,332,000 after purchasing an additional 25,193 shares during the period. Capital Management Corp VA boosted its stake in shares of Nexstar Media Group by 3.3% in the 3rd quarter. Capital Management Corp VA now owns 154,213 shares of the company’s stock valued at $24,916,000 after purchasing an additional 4,865 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its stake in shares of Nexstar Media Group by 2.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 142,946 shares of the company’s stock valued at $23,096,000 after purchasing an additional 3,547 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Nexstar Media Group News Roundup

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Wells Fargo raised its price target to $250 from $249 and reaffirmed its Overweight rating. The new target implies about 31.6% upside from the cited $190.02 share price. Wells Fargo rating information
• Positive Sentiment: Third-quarter revenue reached a record $2.13 billion, up 78% year over year and above the $2.07 billion analyst estimate. Nexstar said political advertising revenue reached a record $1.1 billion for 2026, 31% higher than in the 2022 midterm cycle, providing a major boost to results. Nexstar Q3 revenue and political advertising
• Negative Sentiment: Adjusted earnings were $7.92 per share, below the $8.08 consensus estimate. The earnings miss tempers the otherwise strong revenue growth. Nexstar Q3 earnings results

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.