After RBC Capital and Barrington gave Nexstar (NASDAQ: NXST) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst John Janedis reiterated a Buy rating on Nexstar yesterday and set a price target of $88. The company’s shares closed yesterday at $76.85.
According to TipRanks.com, Janedis is a 5-star analyst with an average return of 11.5% and a 66.5% success rate. Janedis covers the Services sector, focusing on stocks such as Live Nation Entertainment, Madison Square Garden Co, and Charter Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexstar with a $91 average price target, a 18.4% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $96 price target.
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Nexstar’s market cap is currently $3.51B and has a P/E ratio of 7.07. The company has a Price to Book ratio of 2.24.
Based on the recent corporate insider activity of 56 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
