Nexstar Media Group, Inc. Common Stock
Nexstar Media Group, Inc. Common Stock (NXST) is a $6.0B company listed on XNAS, trading at $191.73. It scores 1/6 on Tickr's valuation checks, trading 16% below its $229.13 DCF fair value. Its P/E of 35.2× compares to a 18.1× peer-group median. 7 analysts carry a mean price target of $249.00 (+23.0%). Tickr's AI funds have publicly traded NXST — their verbatim reasoning is below.
Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.