Brokerage Firm Rating Update on Corrections Corporation of America (CXW)

Corrections Corporation of America (CXW) : 2 analysts are covering Corrections Corporation of America (CXW) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, SunTrust Robinson Humphrey downgrades its ratings on Corrections Corporation of America (NYSE:CXW). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 1, 2016.

Corrections Corporation of America (NYSE:CXW): stock was range-bound between the intraday low of $15.82 and the intraday high of $16.24 after having opened at $16.07 on Wednesdays session. The stock finally closed in the red at $16.07, a loss of -0.25%. The stock remained in the red for the whole trading day. The total traded volume was 2,101,903 shares. The stock failed to cross $16.24 in Wednesdays trading. The stocks closing price on Thursday was $16.05.

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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