Nexstar Media Group Inc. (NASDAQ: NXST) stock closed at $166.04 on 11/8/24 after a major decline of -11.9%. Moreover, trading volume in this decline was exceptionally high at 380% of normal. The stock has performed in line with the market over the last nine months and has declined -5.6% during the last week.
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 highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a slightly negative Appreciation Score of 37 and a slightly negative Power Rating of 34, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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