Blurbs

Barrington Remains a Buy on Nexstar Media Group (NXST)

In a report released today, James Goss from Barrington reiterated a Buy rating on Nexstar Media Group (NXSTResearch Report), with a price target of $200.00. The company’s shares closed yesterday at $162.69.

According to TipRanks, Goss is an analyst with an average return of -6.3% and a 36.77% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Gray Television, and Marcus.

Currently, the analyst consensus on Nexstar Media Group is a Strong Buy with an average price target of $212.50, which is a 30.62% upside from current levels. In a report released on November 9, Loop Capital Markets also maintained a Buy rating on the stock with a $203.00 price target.

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NXST market cap is currently $6.13B and has a P/E ratio of 7.52.

Based on the recent corporate insider activity of 90 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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