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Barrington Sticks to Their Buy Rating for Nexstar Media Group (NXST)

Tipranks - Tipranks - Wed Jan 28, 6:56AM CST

In a report released today, Patrick Sholl from Barrington maintained a Buy rating on Nexstar Media Group, with a price target of $225.00.

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Sholl covers the Communication Services sector, focusing on stocks such as Warner Bros, Nexstar Media Group, and Gray Television. According to TipRanks, Sholl has an average return of 5.7% and a 39.17% success rate on recommended stocks.

In addition to Barrington, Nexstar Media Group also received a Buy from Wells Fargo’s Steven Cahall in a report issued on January 22. However, on January 24, TipRanks – xAI reiterated a Hold rating on Nexstar Media Group (NASDAQ: NXST).

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Based on Nexstar Media Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.2 billion and a net profit of $70 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $187 million

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