Barrington Believes Nexstar Media Group Inc (NXST) Still Has Room to Grow
Barrington analyst James Goss reiterated a Buy rating on Nexstar Media Group Inc (NXST) today and set a price target of $135. The company’s shares closed on Friday at $111.65, close to its 52-week high of $119.93.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.3% and a 61.8% success rate. Goss covers the Services sector, focusing on stocks such as iPic Entertainment Inc, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexstar Media Group Inc with a $137.20 average price target, a 22.9% upside from current levels. In a report issued on April 30, B.Riley FBR also maintained a Buy rating on the stock with a $139 price target.
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The company has a one-year high of $119.93 and a one-year low of $64.43. Currently, Nexstar Media Group Inc has an average volume of 559.1K.
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.