Nexstar Media Group Inc (NXST) Received its Third Buy in a Row


After B.Riley FBR and Barrington gave Nexstar Media Group Inc (NASDAQ: NXST) a Buy rating last month, the company received another Buy, this time from Benchmark Co. Analyst Daniel Kurnos maintained a Buy rating on Nexstar Media Group Inc yesterday and set a price target of $120. The company’s shares closed yesterday at $108.65, close to its 52-week high of $109.55.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 12.1% and a 57.5% success rate. Kurnos covers the Services sector, focusing on stocks such as Booking Holdings Inc, Sinclair Broadcast, and 1-800 Flowers.com.

Nexstar Media Group Inc has an analyst consensus of Strong Buy, with a price target consensus of $120.25, implying a 10.7% upside from current levels. In a report issued on March 6, B.Riley FBR also maintained a Buy rating on the stock with a $135 price target.

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Nexstar Media Group Inc’s market cap is currently $4.82B and has a P/E ratio of 13.22. The company has a Price to Book ratio of 2.68.

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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.

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