Analyst Rating Update on Corrections Corporation of America (CXW)

Corrections Corporation of America (CXW) : Zacks Investment Research ranks Corrections Corporation of America (CXW) as 4, which is a Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 3, which indicates as a Hold.

Company shares have received an average consensus rating of Hold for the current week


Corrections Corporation of America (NYSE:CXW): The stock opened at $31.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.03 for the day. The stock traded down to $31.01 during the day, due to lack of any buying support eventually closed down at $31.03 with a loss of -2.61% for the day. The stock had closed at $31.86 on the previous day. The total traded volume was 1,011,803 shares.

Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, the Companys facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain health care (including medical, dental and mental health services), food services, and work and recreational programs. The Companys customers consist of federal, state, and local correctional and detention authorities. The Company also provides transportation services to governmental agencies through its wholly owned TRS, TransCor America, LLC (TransCor).

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