Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Nexstar Media Group Inc. (NASDAQ: NXST) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock closed at $159.45 on 3/18/24 after a decline of -2.5%. Moreover, above average trading volume at 123% of normal accompanied the decline. The stock has declined -2.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NXST is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nexstar Media Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Nexstar Media Group has a slightly negative Power Rating of 38 and a poor Appreciation Score of 30, and the Negative Value Trend Rating results.
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