Weekly Investment Analysts’ Ratings Updates for Nexstar Broadcasting Group (NXST)

Several analysts have recently updated their ratings and price targets for Nexstar Broadcasting Group (NASDAQ: NXST):

  • 11/8/2017 – Nexstar Broadcasting Group had its price target raised by analysts at Deutsche Bank AG from $80.00 to $85.00. They now have a “buy” rating on the stock.
  • 11/7/2017 – Nexstar Broadcasting Group had its price target raised by analysts at B. Riley from $79.00 to $84.00. They now have a “buy” rating on the stock.
  • 11/1/2017 – Nexstar Broadcasting Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $79.00 price target on the stock.
  • 10/31/2017 – Nexstar Broadcasting Group is now covered by analysts at FBR & Co. They set a “buy” rating and a $79.00 price target on the stock.
  • 10/24/2017 – Nexstar Broadcasting Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s television station group includes affiliates of NBC, CBS, ABC, FOX and UPN. “
  • 10/21/2017 – Nexstar Broadcasting Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s television station group includes affiliates of NBC, CBS, ABC, FOX and UPN. “
  • 10/20/2017 – Nexstar Broadcasting Group is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $80.00 price target on the stock.
  • 10/18/2017 – Nexstar Broadcasting Group is now covered by analysts at Guggenheim. They set a “buy” rating and a $90.00 price target on the stock.
  • 10/17/2017 – Nexstar Broadcasting Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nexstar Broadcasting Group currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. Nexstar’s television station group includes affiliates of NBC, CBS, ABC, FOX and UPN. “
  • 9/21/2017 – Nexstar Broadcasting Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 9/18/2017 – Nexstar Broadcasting Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $81.00 price target on the stock.

Nexstar Broadcasting Group, Inc. (NASDAQ NXST) traded down $1.10 during mid-day trading on Tuesday, hitting $64.55. 628,400 shares of the stock were exchanged, compared to its average volume of 720,143. Nexstar Broadcasting Group, Inc. has a twelve month low of $55.95 and a twelve month high of $73.90. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $3,030.00, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.45 and a beta of 2.24.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its quarterly earnings data on Monday, November 6th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The firm had revenue of $611.87 million for the quarter, compared to analyst estimates of $609.44 million. Nexstar Broadcasting Group had a net margin of 5.60% and a return on equity of 16.20%. The company’s revenue for the quarter was up 122.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. equities research analysts predict that Nexstar Broadcasting Group, Inc. will post 3.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.20 annualized dividend and a yield of 1.86%. Nexstar Broadcasting Group’s dividend payout ratio is presently 44.94%.

In other Nexstar Broadcasting Group news, CEO Perry A. Sook sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $66.13, for a total value of $19,839,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Julie Pruett sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $60.01, for a total transaction of $180,030.00. Following the completion of the transaction, the insider now owns 11,985 shares in the company, valued at approximately $719,219.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,270,307 shares of company stock worth $77,985,660. Company insiders own 8.40% of the company’s stock.

Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.

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