Analyst Ratings for Nexstar Media Group Inc. Cl A (NXST)

Updated: 2017-07-27

Analysts covering Nexstar Media Group Inc. Cl A (NASDAQ:NXST) have given it a consensus rating of Buy. Last month, NXST received an average rating of Buy.

Of the 7 analysts covering the stock, 7 gave it a buy rating, 0 issued an overweight rating, 0 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

NXST was given price targets by several analysts. The most optimistic analyst gave a price target of 89, implying a possible profit of 34.34 percent. The minimum price target given was 80, which equates to a potential downside of 20.75 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.26 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.1 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.07 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.97 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of NXST to grow at a rate of 54.09 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of NXST is 0.53.

NXST has a 52-week high of 73.90 and a 52-week low of 47.00. Currently the stock is 40.96 percent higher than its low, and below the high by 10.35 percent. NXST has a price/earnings ratio of 28.43. Investors typically compare the P/E ratio to a company's peers in the industry. The NXST value stock report compares NXST to some of its peers using value stock charts. The stock has a market capitalization of $3.13 billion. NXST is estimated to release their earnings results for the quarter on 0000-00-00, days from today.