Benchmark Issues Positive Forecast for Nexstar Media Group (NASDAQ:NXST) Stock Price

Nexstar Media Group (NASDAQ:NXST) had its target price increased by research analysts at Benchmark from $250.00 to $300.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 20.25% from the stock’s previous close.

A number of other equities research analysts have also weighed in on NXST. Citigroup lowered their target price on Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Guggenheim raised their target price on shares of Nexstar Media Group from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Nexstar Media Group from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group has a consensus rating of “Moderate Buy” and an average price target of $239.88.

Nexstar Media Group Price Performance

Shares of NASDAQ:NXST traded up $3.32 on Friday, hitting $249.48. The company’s stock had a trading volume of 118,383 shares, compared to its average volume of 348,408. The company has a market capitalization of $7.57 billion, a PE ratio of 15.54, a PEG ratio of 0.91 and a beta of 0.85. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.87 and a quick ratio of 1.87. The company has a 50-day simple moving average of $216.70 and a 200 day simple moving average of $204.50. Nexstar Media Group has a 1 year low of $141.66 and a 1 year high of $254.30.

Hedge Funds Weigh In On Nexstar Media Group

Several large investors have recently modified their holdings of the stock. Torren Management LLC purchased a new stake in Nexstar Media Group during the 4th quarter valued at about $28,000. Measured Wealth Private Client Group LLC purchased a new position in Nexstar Media Group in the 3rd quarter worth approximately $28,000. Root Financial Partners LLC bought a new position in Nexstar Media Group in the 3rd quarter valued at approximately $31,000. Allworth Financial LP boosted its stake in Nexstar Media Group by 617.2% during the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares during the last quarter. Finally, WPG Advisers LLC raised its stake in shares of Nexstar Media Group by 65.7% in the fourth quarter. WPG Advisers LLC now owns 179 shares of the company’s stock worth $36,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Key Stories Impacting Nexstar Media Group

Here are the key news stories impacting Nexstar Media Group this week:

• Positive Sentiment: Guggenheim raised its price target to $290 and put a “buy” rating on NXST, signaling analyst conviction and potential upside relative to the current price. Benzinga
• Positive Sentiment: Some analysts/commentary argue NXST looks undervalued on a non-GAAP forward P/E (~8.21) versus peers, which could support a longer-term rebound if operations remain stable and Tegna risks are resolved. Seeking Alpha
• Neutral Sentiment: Revenue beat estimates modestly: Q4 net revenue was $1.29B vs. consensus ~$1.25B, and management says underlying operations are steady — but revenue is still down year-over-year, reflecting mixed near-term business trends. Yahoo Finance
• Negative Sentiment: Large EPS miss: Q4 EPS came in at ($5.63) vs. analysts’ $4.01 estimate, driven by a $381M impairment and the absence of election-year advertising — a material hit to reported earnings and near-term sentiment. MarketBeat
• Negative Sentiment: Tegna acquisition faces significant regulatory and legal uncertainty, keeping a key strategic catalyst in doubt and elevating transaction risk that could restrict upside until resolved. Seeking Alpha
• Negative Sentiment: Short interest rose materially in February (to ~2.20M shares, ~7.8% of shares sold short), which increases downside pressure and potential volatility while negative sentiment persists. (Source: market data)

About Nexstar Media Group

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.