Nexstar Media Group, Inc. (NXST) Stock Analysis
Communication Services · Broadcasting
Hold if already holding. Not a fresh buy at $189.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Leverage penalty (D/E 5.8): -1.5.
Nexstar Media Group is the largest U.S. local TV broadcasting company with 200+ owned/partner stations in 116 markets, generating $4.9B revenue in 2025. Distribution fees (59%) and advertising (40%) drive revenue; Nexstar also owns The CW network (80.8% interest), NewsNation,... Read more
Hold if already holding. Not a fresh buy at $189.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Leverage penalty (D/E 5.8): -1.5. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.9/10, high confidence.
Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 78d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: moderate.
Recent Developments — Nexstar Media Group, Inc.
Latest news
- Nexstar shares drop after judge orders pause in Tegna merger - MSN — MSN negative
- Nexstar Media Q1 2026 earnings preview - MSN — MSN neutral
- NXST Maintained by Barrington Research -- Price Target Remains a - GuruFocus — GuruFocus neutral
- Barrington Research Reiterates "Outperform" Rating for Nexstar Media Group (NASDAQ:NXST) - MarketBeat — MarketBeat positive
- Nexstar Media Group Q1 2026 Earnings Preview — May 7, Street Expects $4.39 EPS - AlphaStreet — AlphaStreet neutral
Generated 2026-05-20T21:56:22Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop-2 MVPD distribution customers (each ~13%)13%10-K Item 1A: 'the Company's revenues from two customers exceeded 10%. Each of these customers represented approximately 13% for 2025, 12% for 2024, and 12% and 14% for 2023, of our consolidated net revenues'
Material Events(8-K, last 90d)
- 2026-03-30Item 1.01MEDIUMNexstar Media Inc. issued $3,390M of 6.500% Senior Secured Notes due 2033 on March 25, 2026, to finance the TEGNA acquisition (closed March 19, 2026) and repay the Bridge Facility and TEGNA 2028 Notes.SEC filing →
- 2026-03-30Item 1.02MEDIUMBridge Facility and Existing Incremental Term Loan B Facility terminated and repaid using proceeds from $3,390M Senior Secured Notes and New Incremental Term Loan B, in connection with TEGNA acquisition closing March 19, 2026.SEC filing →
- 2026-03-30Item 2.03MEDIUMCreation of direct financial obligations: $3,390M in 6.500% Senior Secured Notes due 2033 and New Incremental Term Loan B Facility, both issued March 25, 2026, in connection with the TEGNA acquisition.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $189.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Leverage penalty (D/E 5.8): -1.5. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $218.91 (+15.6%), stop $181.75 (−4.2%), A.R:R 1.8:1. Score 5.9/10, high confidence.
Take-profit target: $218.91 (+15.6% upside). Target $218.91 (+15.6%), stop $181.75 (−4.2%), A.R:R 1.8:1. Stop-loss: $181.75.
Sector modifier (Communication Services): -0.8; Leverage penalty (D/E 5.8): -1.5; Negative momentum.
Nexstar Media Group, Inc. trades at a P/E of 40.0 (forward 7.8). TrendMatrix value score: 7.7/10. Verdict: Hold.
14 analysts cover NXST with a consensus score of 4.2/5. Average price target: $252.
What does Nexstar Media Group, Inc. do?Nexstar Media Group is the largest U.S. local TV broadcasting company with 200+ owned/partner stations in 116 markets,...
Nexstar Media Group is the largest U.S. local TV broadcasting company with 200+ owned/partner stations in 116 markets, generating $4.9B revenue in 2025. Distribution fees (59%) and advertising (40%) drive revenue; Nexstar also owns The CW network (80.8% interest), NewsNation, and a 31.3% stake in TV Food Network. The company completed the acquisition of TEGNA in March 2026 for approximately $6.2B.