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 price target was 89, implying potential capital gains of 34.34 percent. The lowest price target was 80, implying potential capital losses of 20.75 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

NXST has an estimated earnings growth rate of 54.09 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of NXST is 0.53.

In the last 52-weeks, NXST has achieved a high of 73.90 and a low of 47.00. The current market price is above the trailing year's low by 40.96 percent, and 10.35 percent lower than its 52-week high. 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 market cap of NXST is $3.13 billion. NXST will post this quarters earnings in days, on 0000-00-00.