Nexstar Media Group (NASDAQ:NXST) Given New $290.00 Price Target at Wells Fargo & Company

Nexstar Media Group (NASDAQ:NXST) had its price target increased by Wells Fargo & Company from $250.00 to $290.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Nexstar Media Group in a report on Monday, December 29th. Benchmark lifted their target price on Nexstar Media Group from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Guggenheim upped their price target on Nexstar Media Group from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Citigroup dropped their price objective on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Nexstar Media Group presently has a consensus rating of “Moderate Buy” and an average target price of $251.29.

Nexstar Media Group Price Performance

NASDAQ:NXST traded up $4.86 during mid-day trading on Friday, reaching $251.02. 503,560 shares of the company were exchanged, compared to its average volume of 378,818. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.76. The stock has a market cap of $7.61 billion, a PE ratio of 85.38, a PEG ratio of 0.96 and a beta of 0.85. Nexstar Media Group has a 12 month low of $141.66 and a 12 month high of $254.30. The company has a fifty day moving average of $217.69 and a 200 day moving average of $204.89.

Nexstar Media Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $1.86 dividend. The ex-dividend date was Friday, February 13th. This represents a $7.44 annualized dividend and a yield of 3.0%. Nexstar Media Group’s dividend payout ratio (DPR) is 46.13%.

Institutional Trading of Nexstar Media Group

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Nexstar Media Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,402,272 shares of the company’s stock worth $284,738,000 after acquiring an additional 10,949 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nexstar Media Group by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,181,727 shares of the company’s stock valued at $239,950,000 after purchasing an additional 23,360 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Nexstar Media Group by 27.1% in the 2nd quarter. Alliancebernstein L.P. now owns 882,322 shares of the company’s stock valued at $152,598,000 after purchasing an additional 187,864 shares during the period. Geode Capital Management LLC increased its stake in Nexstar Media Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 773,443 shares of the company’s stock worth $157,114,000 after purchasing an additional 13,084 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Nexstar Media Group by 13.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 642,609 shares of the company’s stock worth $127,070,000 after buying an additional 75,228 shares during the period. Institutional investors own 95.30% of the company’s stock.

Key Headlines Impacting Nexstar Media Group

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

• Positive Sentiment: Several firms raised targets and reiterated buys/overweights — Benchmark boosted its target to $300 and kept a Buy, Wells Fargo raised its target to $290 with an Overweight, and Guggenheim raised its target to $290 and kept a Buy. These upgrades imply meaningful upside and likely helped push the stock higher. Benzinga
• Neutral Sentiment: Q4 revenue ($1.29B) came in roughly above consensus ($1.25B) but was down ~13% YoY, showing top-line resilience even as advertising weakness persists. Yahoo Finance
• Neutral Sentiment: Company earnings call/transcript coverage and analyst commentary highlight that NXST’s underlying operations appear stable and that on a non‑GAAP forward multiple it looks inexpensive versus peers — a valuation point investors may focus on if regulatory risks ease. Seeking Alpha
• Negative Sentiment: Big GAAP EPS miss: Nexstar reported ($5.63) EPS vs. consensus ~$4.01, driven in part by a $381M impairment and the absence of election-year advertising — a material hit that explains part of investor caution despite analyst upgrades. MarketBeat Earnings
• Negative Sentiment: Regulatory and legal uncertainty around the proposed Tegna acquisition remains a significant overhang; analysts and coverage note that regulatory hurdles could materially affect NXST’s outlook and deal thesis. Seeking Alpha
• Negative Sentiment: Short interest rose ~21.5% in February to ~2.2M shares (≈7.8% of float), increasing potential downside pressure or volatility if sentiment turns negative. (Data reported through Feb. 13.)

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.