Barrington analyst James Goss maintained a Buy rating on Nexstar (NASDAQ: NXST) today and set a price target of $96. The company’s shares opened today at $76.25.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.4% and a 68.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, iPic Entertainment Inc, and Sirius XM Holdings Inc.
Currently, the analyst consensus on Nexstar is a Strong Buy with an average price target of $91.50, representing a 20.0% upside. In a report issued on August 8, Jefferies also reiterated a Buy rating on the stock with a $88 price target.
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Based on Nexstar’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $87.73 million. In comparison, last year the company had a net profit of $43.99 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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Nexstar Media Group, Inc. is a television broadcasting and digital media company, which 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 st
