After B.Riley FBR and Benchmark Co. gave Nexstar Media Group Inc (NASDAQ: NXST) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss maintained a Buy rating on Nexstar Media Group Inc today and set a price target of $135. The company’s shares opened today at $104.01.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.7% and a 55.0% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and iPic Entertainment Inc.
Currently, the analyst consensus on Nexstar Media Group Inc is a Strong Buy with an average price target of $137.20, implying a 31.9% upside from current levels. In a report issued on May 14, B.Riley FBR also reiterated a Buy rating on the stock with a $139 price target.
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Nexstar Media Group Inc’s market cap is currently $4.84B and has a P/E ratio of 12.58. The company has a Price to Book ratio of 2.56.
Based on the recent corporate insider activity of 71 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.
