Stock To Watch: Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)


The leading market experts have placed a mean price target of $66.14 on Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.74 a share for the upcoming quarter and $4.23 for the current fiscal.

Technical View

The technical analysis of Nexstar Broadcasting Group, Inc plainly substantiates that the 50-day moving average of Nexstar Broadcasting Group, Inc is $50.69, and stock is trading $-0.63 points away or -1.24% from its 50-day moving average of $50.69. Further it is trading $1.92 or +3.99% away its 200-day moving average of $48.14. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) 52-week high is $61.79 and the 52-week low is $34.65.

This explains if the stock moves $-11.73, it will post a 52-week high. In event of +44.47% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Nexstar Broadcasting Group, Inc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ratio came in at 18.47.

The stock last ended the trading session at $50.06 and registered a market cap of $1.54B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) PEG ratio is at 1.66.

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