A share price of Nexstar Media Group Inc [NXST] is currently trading at $167.66, down -0.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NXST shares have gain 4.40% over the last week, with a monthly amount glided 0.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nexstar Media Group Inc [NASDAQ: NXST] stock has seen the most recent analyst activity on May 13, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $221 from $190. Previously, Citigroup started tracking the stock with Neutral rating on December 08, 2023, and set its price target to $158. On November 09, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $175 on the stock. Rosenblatt upgraded its rating to a Buy and increased its price target to $246 on September 06, 2022. Rosenblatt initiated its recommendation with a Neutral and recommended $180 as its price target on April 19, 2022. Loop Capital started tracking with a Buy rating for this stock on October 15, 2020, and assigned it a price target of $130. In a note dated August 06, 2020, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $125 to $130.
Nexstar Media Group Inc experienced fluctuations in its stock price throughout the past year between $132.30 and $187.27. Currently, Wall Street analysts expect the stock to reach $205.4 within the next 12 months. Nexstar Media Group Inc [NASDAQ: NXST] shares were valued at $167.66 at the most recent close of the market. An investor can expect a potential return of 22.51% based on the average NXST price forecast.
Analyzing the NXST fundamentals
Trailing Twelve Months sales for Nexstar Media Group Inc [NASDAQ:NXST] were 4.99B which represents 2.34% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.19 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 166.41 points at the first support level, and at 165.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 170.03, and for the 2nd resistance point, it is at 172.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nexstar Media Group Inc [NASDAQ:NXST] is 1.78. Also, the Quick Ratio is 1.78, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 13.15.
Transactions by insiders
Recent insider trading involved Russell Blake, Officer, that happened on Sep 19 ’24 when 2782.0 shares were purchased. Director, Grossman Jay M. completed a deal on Sep 18 ’24 to sell 10000.0 shares. Meanwhile, Director Grossman Jay M. bought 10000.0 shares on Sep 18 ’24.
