After B.Riley FBR and Wells Fargo gave Nexstar Media Group (NASDAQ: NXST) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss reiterated a Buy rating on Nexstar Media Group today and set a price target of $115.00. The company’s shares closed last Wednesday at $73.00.
According to TipRanks.com, Goss is ranked 0 out of 5 stars with an average return of -4.5% and a 42.9% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Lions Gate Ent Cl A, and Dolby Laboratories.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexstar Media Group with a $100.00 average price target, representing a 28.9% upside. In a report issued on May 6, Wells Fargo also maintained a Buy rating on the stock.
Nexstar Media Group’s market cap is currently $3.39B and has a P/E ratio of 11.20.
Based on the recent corporate insider activity of 88 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.