Extremely important positive changes in investment behavior have recently occurred for Nexstar Media Group Inc. (NASDAQ: NXST): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in fundamentals have recently occurred for Nexstar Media Group Inc. (NASDAQ: NXST): the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NXST’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nexstar Media Group has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a neutral Power Rating of 41 and a slightly negative Appreciation Score of 34, producing the Negative Value Trend Rating.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock rose slightly by 0.1% on 7/2/24. The stock closed at $166.57. However, this advance was accompanied by unusually low trading volume at 66% of normal. The stock has performed in line with the market over the last nine months and has risen 5.6% during the last week.
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