Nexstar Media Group, Inc. (NASDAQ:NXST) Stock Has Consensus Target Price of $256.50 According to Analysts

Nexstar Media Group, Inc. (NASDAQ:NXST) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $256.67.

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft dropped their price target on Nexstar Media Group from $255.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company upped their target price on shares of Nexstar Media Group from $249.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research downgraded Nexstar Media Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nexstar Media Group in a research note on Monday, August 24th.

Nexstar Media Group Price Performance

Nexstar Media Group stock opened at $190.02 on Monday. Nexstar Media Group has a 52-week low of $153.17 and a 52-week high of $254.30. The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50 day moving average price is $167.80 and its two-hundred day moving average price is $191.75. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 17.29 and a beta of 0.97.

Nexstar Media Group (NASDAQ:NXST) last announced its quarterly earnings results on Thursday, November 5th. The company reported $7.92 earnings per share for the quarter, missing the consensus estimate of $8.08 by ($0.16). The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.07 billion. Nexstar Media Group had a net margin of 3.20% and a return on equity of 24.02%. Nexstar Media Group’s revenue was up 78.0% on a year-over-year basis. During the same period last year, the business earned $2.14 EPS. On average, equities analysts predict that Nexstar Media Group will post 32.88 earnings per share for the current year.

Nexstar Media Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $1.86 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 3.9%. Nexstar Media Group’s payout ratio is 142.80%.

Key Headlines Impacting Nexstar Media Group

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

• Positive Sentiment: Wells Fargo raised its price target to $250 from $249 and reaffirmed its Overweight rating. The new target implies about 31.6% upside from the cited $190.02 share price. Wells Fargo rating information
• Positive Sentiment: Third-quarter revenue reached a record $2.13 billion, up 78% year over year and above the $2.07 billion analyst estimate. Nexstar said political advertising revenue reached a record $1.1 billion for 2026, 31% higher than in the 2022 midterm cycle, providing a major boost to results. Nexstar Q3 revenue and political advertising
• Negative Sentiment: Adjusted earnings were $7.92 per share, below the $8.08 consensus estimate. The earnings miss tempers the otherwise strong revenue growth. Nexstar Q3 earnings results

Insider Activity

In other Nexstar Media Group news, Director Bernadette Aulestia sold 300 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $186.80, for a total transaction of $56,040.00. Following the completion of the transaction, the director owned 4,383 shares in the company, valued at approximately $818,744.40. This represents a 6.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Zimmer sold 4,008 shares of Nexstar Media Group stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $187.46, for a total transaction of $751,339.68. Following the completion of the sale, the insider owned 1,792 shares in the company, valued at approximately $335,928.32. This represents a 69.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,596 shares of company stock worth $1,733,169 in the last ninety days. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Nexstar Media Group

Large investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp boosted its position in shares of Nexstar Media Group by 2.3% during the 3rd quarter. King Luther Capital Management Corp now owns 31,666 shares of the company’s stock worth $5,116,000 after purchasing an additional 707 shares during the period. Penn Capital Management Company LLC increased its position in shares of Nexstar Media Group by 15.0% during the 3rd quarter. Penn Capital Management Company LLC now owns 101,941 shares of the company’s stock valued at $16,506,000 after purchasing an additional 13,264 shares during the period. AlphaCore Capital LLC bought a new stake in Nexstar Media Group in the third quarter worth approximately $258,000. Fulcrum Asset Management LLP lifted its stake in Nexstar Media Group by 3,836.4% during the third quarter. Fulcrum Asset Management LLP now owns 433 shares of the company’s stock worth $70,000 after purchasing an additional 422 shares during the period. Finally, Ethic Inc. lifted its stake in Nexstar Media Group by 4.1% in the third quarter. Ethic Inc. now owns 1,457 shares of the company’s stock valued at $235,000 after buying an additional 57 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc is a television broadcasting and digital media company headquartered in Irving, Texas. The company operates local television stations across the United States, with stations affiliated with major networks including ABC, NBC, CBS, FOX, The CW and MyNetworkTV. Its local media operations provide news, weather, sports, entertainment and other programming to audiences in markets nationwide.

Nexstar also owns and operates national media properties, including NewsNation, a cable and streaming news network, and The Hill, a political news and information platform.