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How to buy Nexstar Broadcasting Group stock
Learn how to easily invest in Nexstar Broadcasting Group stock.
Nexstar Broadcasting Group is an entertainment business based in the US. Nexstar Broadcasting Group shares (NXST) are listed on the NASDAQ and all prices are listed in US Dollars. Nexstar Broadcasting Group employs 11,160 staff and has a trailing 12-month revenue of around $5 billion.
How to buy Nexstar Broadcasting Group stock
- Open a stock trading account. Use our comparison table or choose from our Top Picks.
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- Search for the stock by name or ticker symbol – NXST. It's that simple.
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What's in this guide?
Nexstar Broadcasting Group stock price (NASDAQ: NXST)Use our graph to track the performance of NXST stocks over time.
Nexstar Broadcasting Group shares at a glance
|Latest market close||$204.77|
|52-week range||$148.65 - $204.89|
|50-day moving average||$180.71|
|200-day moving average||$177.49|
|Wall St. target price||$216.44|
|Dividend yield||$3.4 (2.64%)|
|Earnings per share (TTM)||$24.95|
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Is it a good time to buy Nexstar Broadcasting Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Nexstar Broadcasting Group price performance over time
|1 week (2023-01-24)||9.64%|
|1 month (2022-12-29)||15.99%|
|3 months (2022-10-31)||19.54%|
|6 months (2022-08-02)||9.22%|
|1 year (2022-02-02)||18.63%|
|2 years (2021-02-02)||70.64%|
|3 years (2020-01-31)||69.02%|
|5 years (2018-02-01)||168.73%|
Is Nexstar Broadcasting Group stock undervalued or overvalued?
Valuing Nexstar Broadcasting Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nexstar Broadcasting Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Nexstar Broadcasting Group's P/E ratio
Nexstar Broadcasting Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Nexstar Broadcasting Group shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Nexstar Broadcasting Group's PEG ratio
Nexstar Broadcasting Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5227. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nexstar Broadcasting Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Nexstar Broadcasting Group's EBITDA
Nexstar Broadcasting Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.9 billion.
The EBITDA is a measure of a Nexstar Broadcasting Group's overall financial performance and is widely used to measure a its profitability.
Nexstar Broadcasting Group financials
|Revenue TTM||$5 billion|
|Operating margin TTM||28.59%|
|Gross profit TTM||$2.8 billion|
|Return on assets TTM||6.73%|
|Return on equity TTM||36.82%|
|Market capitalisation||$7.7 billion|
TTM: trailing 12 months
Nexstar Broadcasting Group share dividends
Dividend payout ratio: 19.1% of net profits
Recently Nexstar Broadcasting Group has paid out, on average, around 19.1% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.64% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nexstar Broadcasting Group shareholders could enjoy a 2.64% return on their shares, in the form of dividend payments. In Nexstar Broadcasting Group's case, that would currently equate to about $3.4 per share.
While Nexstar Broadcasting Group's payout ratio might seem low, this can signify that Nexstar Broadcasting Group is investing more in its future growth.
Nexstar Broadcasting Group's most recent dividend payout was on 23 February 2023. The latest dividend was paid out to all shareholders who bought their shares by 8 February 2023 (the "ex-dividend date").
Nexstar Broadcasting Group share price volatility
Over the last 12 months, Nexstar Broadcasting Group's shares have ranged in value from as little as $148.6545 up to $204.89. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Nexstar Broadcasting Group's is 1.4691. This would suggest that Nexstar Broadcasting Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Nexstar Broadcasting Group overview
Nexstar Media Group, Inc. , a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc.
Nexstar Broadcasting Group in the news
Nexstar Media Group (NASDAQ:NXST) Will Pay A Larger Dividend Than Last Year At $1.35
IBD 50 Stock To Watch: Nexstar Media Nears Buy Point; Relative Strength At New Highs
In case you missed it, 7 big dividend hikes: Halliburton, United Rentals
Frequently asked questionsWhat percentage of Nexstar Broadcasting Group is owned by insiders or institutions?
Currently 4.572% of Nexstar Broadcasting Group shares are held by insiders and 98.412% by institutions. How many people work for Nexstar Broadcasting Group?
Latest data suggests 11,160 work at Nexstar Broadcasting Group. When does the fiscal year end for Nexstar Broadcasting Group?
Nexstar Broadcasting Group's fiscal year ends in December. Where is Nexstar Broadcasting Group based?
Nexstar Broadcasting Group's address is: 545 East John Carpenter Freeway, Irving, TX, United States, 75062 What is Nexstar Broadcasting Group's ISIN number?
Nexstar Broadcasting Group's international securities identification number is: US65336K1034 What is Nexstar Broadcasting Group's CUSIP number?
Nexstar Broadcasting Group's Committee on Uniform Securities Identification Procedures number is: 65336K103
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