Nexstar Media Group Inc

Nexstar Media Group Inc Stock Forecast & Price Prediction

Live Nexstar Media Group Inc Stock (NXST) Price
$166.04

10

Ratings

  • Buy 10
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$166.04

P/E Ratio

10.94

Volume Traded Today

$1.1M

Dividend

$1.69

52 Week High/low

191.86/140.92

Nexstar Media Group Inc Market Cap

$5.15B

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NXST Summary

Based on ratings from 10 stock analysts, the Nexstar Media Group Inc stock price is expected to increase by 21.79% in 12 months. This is calculated by using the average 12-month stock price forecast for Nexstar Media Group Inc. The lowest target is $185 and the highest is $220. Please note analyst price targets are not guaranteed and could be missed completely.

NXST Analyst Ratings

About 10 Wall Street analysts have assignedNXST 10 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Nexstar Media Group Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NXST. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

NXST stock forecast by analyst

These are the latest 20 analyst ratings of NXST.

Analyst/Firm

Rating

Price Target

Change

Date

Daniel Kurnos
Benchmark

Buy

$215

Reiterates

Nov 8, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

Nov 7, 2024
Daniel Kurnos
Benchmark

Buy

$215

Maintains

Oct 14, 2024
Curry Baker
Guggenheim

Buy

$198

Maintains

Oct 4, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

Aug 13, 2024
Daniel Kurnos
Benchmark

Buy

$225

Reiterates

Aug 9, 2024
Steven Cahall
Wells Fargo

Overweight

$209

Maintains

Aug 9, 2024
Benjamin Soff
Deutsche Bank

Buy

$205

Maintains

Aug 9, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

Aug 8, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

Jul 23, 2024
Daniel Kurnos
Benchmark

Buy

$225

Reiterates

Jun 20, 2024
Steven Cahall
Wells Fargo

Overweight

$221

Upgrade

May 13, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

May 13, 2024
Daniel Kurnos
Benchmark

Buy

$225

Reiterates

May 10, 2024
James Goss
Barrington Research

Outperform

$200

Maintains

May 9, 2024
Barton Crockett
Rosenblatt

Buy

$213

Maintains

Mar 13, 2024
James Goss
Barrington Research

Outperform

$200

Reiterates

Mar 7, 2024
James Goss
Barrington Research

Outperform

$200

Reiterates

Feb 28, 2024
Jason Bazinet
Citigroup

Neutral

$158

Initiates

Dec 8, 2023
Steven Cahall
Wells Fargo

Equal-Weight

$167

Maintains

Nov 9, 2023

NXST Company Information

What They Do: Diversified media company producing news and entertainment.

Business Model: The company generates revenue through various channels, including local and national advertising across television and digital platforms. It operates a range of media services, including television programming and a national cable news network, while also offering digital advertising solutions to publishers and advertisers.

Other Information: Nexstar owns multiple broadcasting stations affiliated with major networks like ABC, NBC, and FOX, and has a strong digital presence with local websites and mobile apps. It also manages real estate assets and was rebranded from Nexstar Broadcasting Group, Inc. in 2017. Founded in 1996, the company is based in Irving, Texas.
NXST
Nexstar Media Group Inc (NXST)

When did it IPO

2003

Staff Count

11,877

Country

United States

Sector/Industry

Communication Services/Broadcasting

CEO

Mr. Perry A. Sook

Market Cap

$5.15B

Nexstar Media Group Inc (NXST) Financial Data

In 2023, NXST generated $4.93B in revenue, which was a decrease of -5.33% from the previous year. This can be seen as a signal that NXST's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$4.50B

Revenue From 2021

$4.65B

3.26 %
From Previous Year

Revenue From 2022

$5.21B

12.11 %
From Previous Year

Revenue From 2023

$4.93B

-5.33 %
From Previous Year
  • Revenue TTM $4.99B
  • Operating Margin TTM 19.5%
  • Gross profit TTM $2.78B
  • Return on assets TTM 4.8%
  • Return on equity TTM 15.7%
  • Profit Margin 8.7%
  • Book Value Per Share 68.42%
  • Market capitalisation $5.15B
  • Revenue for 2021 $4.65B
  • Revenue for 2022 $5.21B
  • Revenue for 2023 $4.93B
  • EPS this year (TTM) $15.18

Nexstar Media Group Inc (NXST) Latest News

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Nexstar Media Group, Inc. (NASDAQ:NXST) will hold its Q3 2024 earnings conference call on November 7, 2024, at 10:00 AM ET, featuring key company executives and analysts.

Why It Matters - Nexstar's Q3 2024 earnings call offers insights into financial performance and strategic direction, impacting stock valuation and investor sentiment. Key analysts' questions may highlight market trends.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Nexstar Media Group, Inc. reported record net revenue of $1.37 billion for Q3 2024.

Why It Matters - Nexstar's record net revenue signals strong performance, potentially boosting stock value and attracting investor interest in a competitive media landscape.

News Image

Fri, 01 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Nexstar Media Group's Board declared a quarterly cash dividend of $1.69 per share for its common stock.

Why It Matters - Nexstar's quarterly cash dividend of $1.69 per share signals financial health and commitment to returning value to shareholders, potentially boosting stock attractiveness.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - The CW Network and Shopsense AI are partnering to enhance the fan experience during ACC college football broadcasts.

Why It Matters - The partnership between The CW Network and Shopsense AI could enhance viewer engagement and advertising potential during broadcasts, potentially boosting revenue and viewership for investors.

News Image

Mon, 28 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Nexstar Media Group will acquire WBNX-TV/TV55 in Cleveland, Ohio, from Winston Broadcasting Company.

Why It Matters - Nexstar's acquisition of WBNX-TV may enhance its market presence and advertising revenue in Cleveland, potentially boosting financial performance and stock value.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Nexstar Media is seen as undervalued with a fair value of $245, suggesting over 40% upside. Seasonal patterns and political ad revenue may boost performance and shareholder value.

Why It Matters - Nexstar Media's undervaluation suggests strong upside potential, especially with seasonal gains from political advertising, likely boosting buybacks and enhancing shareholder value.

...

NXST Frequently asked questions

The highest forecasted price for NXST is $220 from Curry Baker at Guggenheim.

The lowest forecasted price for NXST is $185 from Bryan Kraft from Deutsche Bank

The NXST analyst ratings consensus are 10 buy ratings, 0 hold ratings, and 0 sell ratings.