In a report released today, James Goss from Barrington reiterated a Buy rating on Nexstar Media Group (NXST – Research Report), with a price target of $240.00. The company’s shares closed last Friday at $175.88.
According to TipRanks, Goss is an analyst with an average return of -7.2% and a 32.66% success rate. Goss covers the Services sector, focusing on stocks such as Warner Bros, Paramount Global Class B, and Clear Channel Outdoor.
Nexstar Media Group has an analyst consensus of Strong Buy, with a price target consensus of $238.67.
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Based on Nexstar Media Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.25 billion and a net profit of $227.5 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $200.1 million
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NXST in relation to earlier this year.
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Nexstar Media Group, Inc. operates as a television broadcasting and digital media company. It focuses on the acquisition, development and operation of television stations and interactive community websites and digital media services in the U.S. The company provides services free over-the-air programming which includes programs produced by networks with which the stations are affiliated; programs that the stations produce; and first-run and rerun syndicated programs that the stations acquire. It also provides digital publishing and content management platforms to media publishers and advertisers. Nexstar Media Group was founded by Perry A. Sook in 1996 and is headquartered in Irving, TX.
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