Impact of Brokerage Rating on Corrections Corp. of America(CXW)

Many Corrections Corp. of America(CXW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Canaccord Genuity on Feb 10, 2017 to Buy, Raises Price Target to $ 34 from a previous price target of $30 .Company shares were Upgraded by Canaccord Genuity on Dec 12, 2016 to Buy, Raises Price Target to $ 28 from a previous price target of $22 .

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, C Michael Jacobi (director) sold 107,431 shares at 31.27 per share price.On Dec 12, 2016, Harley G. Lappin (EVP, Chief Corrections Officer) sold 10,000 shares at 24.70 per share price.On Nov 28, 2016, Mark A Emkes (director) purchased 5,000 shares at 22.08 per share price.

Corrections Corp Of America Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.66. The company had revenue of $474.94 million for the quarter, compared to analysts expectations of $470.39 million. The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

CoreCivic, Inc. (NYSE:CXW) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.67 by 3 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

CoreCivic, Inc. (NYSE:CXW): The mean estimate for the short term price target for CoreCivic, Inc. (NYSE:CXW) stands at $32.5 according to 2 Analysts. The higher price target estimate for the stock has been calculated at $37 while the lower price target estimate is at $28.

CoreCivic, Inc. (NYSE:CXW) rose 2.74% or 0.87 points on Tuesday and made its way into the gainers of the day. After trading began at $31.6 the stock was seen hitting $32.58 as a peak level and $31.58 as the lowest level. The stock ended up at $32.58. The daily volume was measured at 1,797,622 shares. The 52-week high of the share price is $35.05 and the 52-week low is $12.99. The company has a market cap of $3,830 million.

CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee.

CoreCivic,

For any feedback and suggestions contact author at Joel.Marcotte@thefoundersdaily.com

Add Comment