Stock Rating Upgrade
The Value Trend Rating for Nexstar Media Group Inc. (NASDAQ: NXST) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Nexstar Media Group Inc. (NASDAQ: NXST) stock closed at $146.34 on 11/10/23 after an increase of 1.5%. The stock has declined -3.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NXST is expected to continue to be a major Value Builder.
Nexstar Media Group has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a good Appreciation Score of 75 but a poor Power Rating of 16, resulting in the Low Neutral Value Trend Rating.
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