Nexstar Stock Shows Improved Strength Amid Expansion Via Acquisition: IBD Rating Upgrades

The Relative Strength (RS) Rating for top-ranked TV stations owner/operator Nexstar Media (NXST) climbed to 76 on Thursday, up from 70 the day before. The upgrade comes after Nexstar expanded its portfolio by purchasing The Hill, a political news media platform. Nexstar stock rose 0.7% Thursday afternoon to 149.88.


The 76 RS Rating means that Nexstar stock outperformed 76% of all stocks over the past year. The best stocks typically have an RS Rating over 80 in the early stages of their moves. See if Nexstar Media can continue to show renewed price strength and clear that threshold.

Nexstar Stock’s Other Key Ratings

Nexstar on Aug. 20 announced that it had purchased The Hill, a political digital media platform, for $130 million plus working capital adjustments. Nexstar President Tom Carter, in a news release, said the purchase expands the scope of media under the Nexstar banner.

“The Hill has a nationally recognized brand known for delivering balanced political reporting, as well as authentic opinions and perspectives, and is highly complementary to Nexstar’s national cable news network, NewsNation,” Carter said.

Among its other key ratings, Nexstar stock has a good but not yet great 83 Composite Rating. IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Better yet, Nexstar Media holds a 95 EPS Rating, of a best-possible 99. The 95 rating reflects strong recent and long-term profit growth.

No. 1 In Media Group

Additionally, Nexstar stock earns the No. 1 rank among its peers in the Media-Radio/TV industry group. Tegna (TGNA) and Gray Television (GTN) are also among the top five ranked in the group.

Nexstar earnings and sales both grew rapidly last quarter. Earnings-per-share soared 112% year over year to $4.51. Revenue rose 24% to $1.13 billion.

Looking For The Best Stocks To Buy And Watch? Start Here

Nexstar Media is working on a consolidation with a 163.72 entry. See if it can break out in volume at least 40% above average.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks compares to other publicly traded companies.


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