Nexstar Broadcasting Group Stock Buy Hold or Sell Recommendation

NXST Stock  USD 172.29  0.40  0.23%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Nexstar Broadcasting Group is 'Cautious Hold'. Macroaxis provides Nexstar Broadcasting buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NXST positions. The advice algorithm takes into account all of Nexstar Broadcasting's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nexstar Broadcasting's buy or sell advice are summarized below:
Real Value
185.5
Target Price
212.5
Hype Value
171.74
Market Value
172.29
Naive Value
173.06
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nexstar Broadcasting Group given historical horizon and risk tolerance towards Nexstar Broadcasting. When Macroaxis issues a 'buy' or 'sell' recommendation for Nexstar Broadcasting Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Nexstar Broadcasting Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Nexstar and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Execute Nexstar Broadcasting Buy or Sell Advice

The Nexstar recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nexstar Broadcasting Group. Macroaxis does not own or have any residual interests in Nexstar Broadcasting Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nexstar Broadcasting's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Nexstar BroadcastingBuy Nexstar Broadcasting
Cautious Hold

Market Performance

ModestDetails

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Very SmallDetails

Economic Sensitivity

Actively responds to the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails
For the selected time horizon Nexstar Broadcasting Group has a Mean Deviation of 1.64, Semi Deviation of 2.21, Standard Deviation of 2.23, Variance of 4.96, Downside Variance of 6.04 and Semi Variance of 4.88
Macroaxis provides trade recommendations on Nexstar Broadcasting to complement and cross-verify current analyst consensus on Nexstar Broadcasting. Our advice engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Nexstar Broadcasting is not overpriced, please verify all Nexstar Broadcasting Group fundamentals, including its cash flow from operations, and the relationship between the cash and equivalents and beta . Given that Nexstar Broadcasting has a price to book of 2.50 X, we recommend you to check Nexstar Broadcasting market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Nexstar Broadcasting Trading Alerts and Improvement Suggestions

Nexstar Broadcasting is unlikely to experience financial distress in the next 2 years
Over 99.0% of the company shares are owned by institutional investors
On 23rd of February 2024 Nexstar Broadcasting paid $ 1.69 per share dividend to its current shareholders
Latest headline from koin.com: Surprise Punxsutawney Phil is a new dad after wife Phylisshas 2 baby groundhogs

Nexstar Broadcasting Returns Distribution Density

The distribution of Nexstar Broadcasting's historical returns is an attempt to chart the uncertainty of Nexstar Broadcasting's future price movements. The chart of the probability distribution of Nexstar Broadcasting daily returns describes the distribution of returns around its average expected value. We use Nexstar Broadcasting Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nexstar Broadcasting returns is essential to provide solid investment advice for Nexstar Broadcasting.
Mean Return
0.18
Value At Risk
-2.92
Potential Upside
3.07
Standard Deviation
2.23
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nexstar Broadcasting historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Nexstar Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Nexstar Broadcasting is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Nexstar Broadcasting Group backward and forwards among themselves. Nexstar Broadcasting's institutional investor refers to the entity that pools money to purchase Nexstar Broadcasting's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Cardinal Capital Management Llc2023-12-31
616 K
Fuller & Thaler Asset Management Inc2023-12-31
586.8 K
Pacer Advisors, Inc.2023-12-31
565.3 K
Goldman Sachs Group Inc2023-12-31
557.4 K
Ameriprise Financial Inc2023-12-31
538 K
Copeland Capital Management, Llc2023-12-31
519.6 K
Northern Trust Corp2023-12-31
478 K
T. Rowe Price Associates, Inc.2023-12-31
435.1 K
Bank Of New York Mellon Corp2023-12-31
431.8 K
Vanguard Group Inc2023-12-31
3.2 M
Blackrock Inc2023-12-31
M
Note, although Nexstar Broadcasting's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Nexstar Broadcasting Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash103.6M(79.4M)37.2M13.2M(72.7M)(69.1M)
Free Cash Flow220.0M1.0B1.1B1.2B850M892.5M
Other Non Cash Items(167.5M)(11.3M)(32.5M)(48.1M)(281M)(267.0M)
Capital Expenditures197.5M217.0M150.8M157.3M149M156.5M
Net Income236.3M808.1M830.4M943.5M346M185.0M
End Period Cash Flow248.7M169.3M206.5M219.7M147M78.2M
Dividends Paid82.8M101.0M118.2M142.2M(191M)(181.5M)
Depreciation408.7M564.9M588.5M662.1M941M988.1M
Change To Netincome(74.7M)44.2M233K(139.3M)(125.4M)(119.1M)
Change To Inventory(37.2M)34.2M(122.8M)(90.1M)(81.1M)(77.0M)
Change Receivables30.9M2.2M(16.1M)(118.6M)(106.7M)(101.4M)
Net Borrowings4.5B(893.2M)(270.2M)(479.6M)(551.5M)(524.0M)
Investments(46.7M)42.0M(232.1M)125.2M(800K)(840K)

Nexstar Broadcasting Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nexstar Broadcasting or Media sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nexstar Broadcasting's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nexstar stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.04
β
Beta against NYSE Composite1.70
σ
Overall volatility
2.29
Ir
Information ratio 0.02

Nexstar Broadcasting Volatility Alert

Nexstar Broadcasting Group currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of -0.04. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nexstar Broadcasting's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nexstar Broadcasting's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Nexstar Broadcasting Fundamentals Vs Peers

Comparing Nexstar Broadcasting's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nexstar Broadcasting's direct or indirect competition across all of the common fundamentals between Nexstar Broadcasting and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nexstar Broadcasting or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nexstar Broadcasting's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nexstar Broadcasting by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Nexstar Broadcasting to competition
FundamentalsNexstar BroadcastingPeer Average
Return On Equity0.11-0.31
Return On Asset0.04-0.14
Profit Margin0.07 %(1.27) %
Operating Margin0.22 %(5.51) %
Current Valuation12.5 B16.62 B
Shares Outstanding33.43 M571.82 M
Shares Owned By Insiders5.60 %10.09 %
Shares Owned By Institutions98.87 %39.21 %
Number Of Shares Shorted2.25 M4.71 M
Price To Earning10.03 X28.72 X
Price To Book2.50 X9.51 X
Price To Sales1.16 X11.42 X
Revenue4.93 B9.43 B
Gross Profit3.23 B27.38 B
EBITDA1.68 B3.9 B
Net Income346 M570.98 M
Cash And Equivalents276.4 M2.7 B
Cash Per Share7.12 X5.01 X
Total Debt7.13 B5.32 B
Debt To Equity2.62 %48.70 %
Current Ratio1.95 X2.16 X
Book Value Per Share68.42 X1.93 K
Cash Flow From Operations999 M971.22 M
Short Ratio4.28 X4.00 X
Earnings Per Share9.64 X3.12 X
Price To Earnings To Growth0.37 X4.89 X
Target Price203.1
Number Of Employees11.88 K18.84 K
Beta1.5-0.15
Market Capitalization5.75 B19.03 B
Total Asset12.26 B29.47 B
Retained Earnings3.19 B9.33 B
Working Capital505 M1.48 B
Note: Exercise or conversion by Gary Weitman of 625 shares of Nexstar Broadcasting subject to Rule 16b-3 [view details]

Nexstar Broadcasting Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nexstar . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Nexstar Broadcasting Buy or Sell Advice

When is the right time to buy or sell Nexstar Broadcasting Group? Buying financial instruments such as Nexstar Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Other Assets153.1M89.9M103.4M98.2M
Cash190.9M204.1M147M76.1M

Use Investing Ideas to Build Portfolios

In addition to having Nexstar Broadcasting in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Utilities Thematic Idea Now

Utilities
Utilities Theme
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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When determining whether Nexstar Broadcasting is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nexstar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nexstar Broadcasting Group Stock. Highlighted below are key reports to facilitate an investment decision about Nexstar Broadcasting Group Stock:
Check out Nexstar Broadcasting Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Nexstar Stock analysis

When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.
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Is Nexstar Broadcasting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexstar Broadcasting. If investors know Nexstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.37)
Dividend Share
5.4
Earnings Share
9.64
Revenue Per Share
139.678
Quarterly Revenue Growth
(0.12)
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.