Nexstar Media Group (NASDAQ:NXST) Stock Rating Upgraded by Zacks Research

Nexstar Media Group (NASDAQ:NXST) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

NXST has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Nexstar Media Group from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday. Guggenheim upped their price target on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Barrington Research reiterated an “outperform” rating and set a $290.00 price target on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Benchmark decreased their price objective on shares of Nexstar Media Group from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Citigroup raised shares of Nexstar Media Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $252.00 to $220.00 in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Nexstar Media Group currently has a consensus rating of “Buy” and an average target price of $259.67.

Nexstar Media Group Stock Performance

NXST opened at $197.30 on Wednesday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 2.07 and a current ratio of 1.76. Nexstar Media Group has a 52-week low of $164.00 and a 52-week high of $254.30. The firm has a market cap of $6.03 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97. The business’s fifty day moving average is $209.01 and its 200-day moving average is $208.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Torren Management LLC acquired a new stake in shares of Nexstar Media Group in the 4th quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in Nexstar Media Group in the 3rd quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new stake in Nexstar Media Group in the third quarter valued at approximately $31,000. WPG Advisers LLC boosted its position in Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock valued at $36,000 after buying an additional 71 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Nexstar Media Group by 164.5% during the third quarter. Hantz Financial Services Inc. now owns 201 shares of the company’s stock worth $40,000 after buying an additional 125 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

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.