Nexstar Media Group, Inc. is an American television and media company. Learn the latest information and analysis on the company, NXST stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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Nexstar is the biggest owner of local television stations that owns 197 stations all over the US, mostly affiliated with the major networks, MyNetworkTV and CW. The company also operates stations owned by a number of partner companies.
Nexstar is a strong local television company with a good cash flow. With upcoming midterm elections, the company is in a good position to benefit greatly from the added revenue.
However, the ongoing inflation means people are struggling to pay their basic bills and there has been a trend for people to cancel TV subscriptions, which puts Nexstar under pressure considering the myriad of options available to people for free to get news and entertainment content.
The Nexstar stock price of $170 as of May 2022 looks like an attractive value investment keeping the risks in mind. The company has a P/E ratio of 6.61 vs the industry average of 12.66.
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