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 $1.04 a share for the upcoming quarter and $4.36 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 $50.80, and stock is hovering -5.01 or -9.86% distant from $50.80. It is noted that the 200-day MA is $48.66, and Nexstar Broadcasting Group, Inc stock is $-2.87 or -5.90% off from this point. 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 $-16.00, it will post a 52-week high. In event of $+32.15% points 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 16.89. The stock last ended the trading session at $45.79 and registered a market cap of $1.40B. 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 1.50.

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