Canaccord Genuity gave shares of Corrections Corp a price target of 21 indicating a potential increase of 14.13% from Corrections Corp’s current price of 18.4. The 12-month target price is $32.33 with zero rating the company a strong buy, one analyst rating the stock a buy, three firms rating the stock a hold, zero rating the company to underperform, and lastly zero brokeragesrating the company as sell. At present, 0 analysts recommended Selling these shares while 3 recommended Hold, according to FactSet data.
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On 18 August, Corrections Corporation of America (NYSE:CXW) and GEO Group (NYSE: GEO) shares were hammered Thursday after the Washington Post reported that the Justice Department plans to end use of private prisons. The stock’s Dividend stands at 0 and Dividend Yield stands at 0 Percent.
At the recent close, Corrections Corporation of America (NYSE:CXW) tinted gains of +1.47% (+0.28 points) to US$19.36. Its up 0.17, from 1.25 in 2015Q4. During the same quarter in the previous year, the firm earned $0.73 EPS. The ratio is positive, as 24 funds sold all Corrections Corp Of America shares owned while 86 reduced positions. The ratio increased, as 138 hedge funds increased or started new equity positions, while 110 sold and decreased stakes in Corrections Corp Of America. They now own 106.47 million shares or 0.80% less from 107.34 million shares in 2015Q4. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 6.2%. Lee Danner & Bass Inc owns 879,207 shares or 3.35% of their U.S. portfolio. The company had Year Ago Sales of 459.96 Million. Breton Hill Capital Ltd., a Ontario – Canada-based fund reported 219,574 shares.#img1#. Market capitalisation for NYSE:CXW is $2,012,743,771.00 Dollars.
Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company owns, operates, and manages prisons and other correctional facilities, and provides inmate residential and prisoner transportation services for governmental agencies.
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The price/earnings ratio (P/E) is 11.07 and the forward P/E ratio stands at 11.68. Also, Director Charles L. Overby bought 5,000 shares of Corrections Corp. of America stock in a transaction dated Friday, August 19th. 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. The Company offers a range of vocational/technical education opportunities to equip individuals with job skills. “Corrections Corporation of America is based in Nashville, Tennessee”.
