Nexstar (NXST) is Initiated by Barrington Research to Outperform, Price Target at $79

Nexstar (NXST) is Initiated by Barrington Research to Outperform according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $79. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) ended Thursday session in red amid volatile trading. The shares closed down 0.34 points or 0.59% at $57.34 with 336,522 shares getting traded. Post opening the session at $58.33, the shares hit an intraday low of $56.965 and an intraday high of $58.99 and the price vacillated in this range throughout the day. The company has a market cap of $1,756 million and the number of outstanding shares has been calculated to be 30,620,804 shares. The 52-week high of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) is $61.79 and the 52-week low is $42.01.

During the last several months other analysts have commented on the company rating. Stephens Inc initiates coverage on Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). The rating major has initiated the coverage with an overweight rating on the shares. The Analysts at Stephens Inc announces a current price target of $75 per share. The rating by the firm was issued on November 18, 2015.

Research firm Zacks has rated Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) and has ranked it at 3, indicating that for the short term the shares are a hold. 5 Wall Street analysts have given the company an average rating of 1.4. The shares has received a hold rating based on the suggestion from 1 analysts in latest recommendations. Strong buy was given by 4 Wall Street Analysts.

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST): 3 Analyst have given the stock of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) a near short term price target of $63.33. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.58. The higher price target estimate is at $64 while the lower price estimates are fixed at $63.

Shares of Nexstar Broadcasting Group, Inc. appreciated by 0.21% during the last five trading days but lost 2.42% on a 4-week basis. Nexstar Broadcasting Group, Inc. is up 20.57% in the last 3-month period. Year-to-Date the stock performance stands at 12.28%.”

Nexstar Broadcasting Group, Inc (Nexstar) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States. In 20 of the 32 markets that it serves, it owns, operates, programs or provide sales and other services to more than one station. The stations the Company serve are affiliates of NBC (12 stations), CBS (11 stations), ABC (11 stations), FOX (11 stations), MyNetworkTV (five stations and one digital multi-cast channel), The CW (two stations) and Bounce TV (10 digital multi-cast channels) and three of its stations are independent. The stations reach approximately 10.6 million viewers or 9.3% of all the United States television households. In May 2014, it acquired the stock of Enterprise Technology Group (ETG). In June 2014, Nexstar Broadcasting Group Inc acquired five television stations in two markets.