B.Riley FBR analyst Zachary Silver maintained a Buy rating on Nexstar Media Group Inc (NXST) yesterday and set a price target of $139. The company’s shares closed yesterday at $117.05, close to its 52-week high of $119.93.
According to TipRanks.com, Silver is a 4-star analyst with an average return of 11.3% and a 84.0% success rate. Silver covers the Services sector, focusing on stocks such as Entercom Communications, Sinclair Broadcast, and GCI Liberty Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexstar Media Group Inc with a $129.20 average price target, a 10.4% upside from current levels. In a report issued on April 24, Guggenheim also maintained a Buy rating on the stock with a $130 price target.
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Based on Nexstar Media Group Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $153 million. In comparison, last year the company had a net profit of $48.12 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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Nexstar Media Group, Inc. operates as a television broadcasting and digital media company. It focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. Nexstar Media Group was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.
