Nexstar Media Group (NASDAQ:NXST) Stock Lifted to “Buy” by Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Nexstar Media Group (NASDAQ:NXST – Free Report) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

NXST has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nexstar Media Group in a research report on Monday, August 24th. Wells Fargo & Company upped their target price on Nexstar Media Group from $249.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Zacks Research downgraded Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and a consensus price target of $256.67.

Check Out Our Latest Report on Nexstar Media Group

Nexstar Media Group Trading Up 1.1%

NXST opened at $190.02 on Friday. The company has a debt-to-equity ratio of 5.09, a current ratio of 1.56 and a quick ratio of 1.56. The company’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 1-year low of $153.17 and a 1-year high of $254.30. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 17.29 and a beta of 0.97.

Nexstar Media Group (NASDAQ:NXST – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $7.92 earnings per share for the quarter, missing the consensus estimate of $8.08 by ($0.16). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.07 billion. Nexstar Media Group had a return on equity of 33.40% and a net margin of 5.48%. The company’s revenue for the quarter was up 78.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.14 earnings per share. Analysts expect that Nexstar Media Group will post 32.88 EPS for the current fiscal year.

Nexstar Media Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $1.86 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $7.44 annualized dividend and a dividend yield of 3.9%. Nexstar Media Group’s dividend payout ratio is 67.70%.

Insider Activity

In other news, Director Bernadette S. Aulestia sold 300 shares of Nexstar Media Group stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $186.80, for a total transaction of $56,040.00. Following the sale, the director owned 4,383 shares of the company’s stock, valued at approximately $818,744.40. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Zimmer sold 4,008 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $187.46, for a total value of $751,339.68. Following the completion of the transaction, the insider owned 1,792 shares in the company, valued at $335,928.32. This represents a 69.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,596 shares of company stock worth $1,733,169. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On Nexstar Media Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXST. King Luther Capital Management Corp grew its holdings in shares of Nexstar Media Group by 2.3% during the 3rd quarter. King Luther Capital Management Corp now owns 31,666 shares of the company’s stock worth $5,116,000 after purchasing an additional 707 shares during the period. Penn Capital Management Company LLC increased its position in shares of Nexstar Media Group by 15.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 101,941 shares of the company’s stock worth $16,506,000 after purchasing an additional 13,264 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in Nexstar Media Group in the 3rd quarter valued at about $258,000. Fulcrum Asset Management LLP raised its holdings in Nexstar Media Group by 3,836.4% in the 3rd quarter. Fulcrum Asset Management LLP now owns 433 shares of the company’s stock valued at $70,000 after buying an additional 422 shares during the period. Finally, Ethic Inc. raised its holdings in Nexstar Media Group by 4.1% in the 3rd quarter. Ethic Inc. now owns 1,457 shares of the company’s stock valued at $235,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds 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: 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

About Nexstar Media Group

(Get Free Report)

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.

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