Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $65.86 on Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.01 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) stands at 18.06.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Nexstar Broadcasting Group, Inc, the PEG ratio for coming 3-5 years is 1.83.
The technical analysis highlights that Nexstar Broadcasting Group, Inc current is trading $-1.15 points away or -2.18% from its 50-day moving average of $52.66. Further it is trading $2.58 or +5.26% away its 200-day moving average of $48.93.
The 52-week high of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) was $61.79 while lowest point recorded in 52-week was $34.65. It implies if stock price makes a movement of over $-10.28, it will record a new 52-week high. In the case of +48.66% drop, it will touch a new 52-week low.
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