Analyst Revises Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) Stock Target


Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) mean price target has been set at $66.140 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.040 in the near-term quarter and $4.360 for the ongoing fiscal. The market cap of Nexstar Broadcasting Group, Inc was recorded at $1.43B after the stock closed at $46.555 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has a P/E ratio of 17.173. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) PEG ratio sits at 1.520. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Nexstar Broadcasting Group, Inc visibly illustrates that the 50-day MA of Nexstar Broadcasting Group, Inc is $50.077, and stock is trading -3.522 or -7.034% distant from $50.077. The 200-day MA is $48.283, and this price is $-1.728 or -3.578% off from current level. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) 52-week high is $61.790 and the 52-week low is $34.650. This represents that if the stock moves $-15.235 points up on the chart to make a 52-week high. But, if it declines $+34.358%, then the shares price can hit a new 52-week low.

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