Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has a mean price target of $66.17 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.63 a share for the very next quarter and $3.98 for this year.
The technical study of Nexstar Broadcasting Group, Inc demonstrates that the 50-day moving average of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) stock is $52.54, and is trading $0.67 points away or +1.27% from 50-day moving average of $52.54. It is trading $2.99 or +5.96% away 200-day moving average of $50.22.
The 52-week high of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) was $61.79 while $34.65 is the low mark in the same period. It state Nexstar Broadcasting Group, Inc share price has to surge more than $-8.58 to hit 52-week high or drop +53.56% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Nexstar Broadcasting Group, Inc, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ratio came in at 18.66, after dividing current equity price by yearly earnings. Nexstar Broadcasting Group, Inc stock recorded a close of $53.21 in last trading session, registering a market cap of $1.63B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) PEG ratio is at 1.88.
1 Chart Pattern Every Investor Should Know
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