CoreCivic (NYSE:CXW) Raised to Buy at Wall Street Zen

CoreCivic (NYSE:CXW) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. Northland Securities set a $40.00 price target on shares of CoreCivic in a research report on Friday, June 26th. Noble Financial raised their price objective on CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Benchmark lifted their target price on CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, UBS Group set a $35.00 target price on CoreCivic in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.20.

CoreCivic Stock Down 0.2%

Shares of NYSE:CXW opened at $31.28 on Friday. The company has a market capitalization of $3.09 billion, a PE ratio of 25.43 and a beta of 0.57. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic has a twelve month low of $15.73 and a twelve month high of $32.69. The firm has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $22.16.

Institutional Trading of CoreCivic

A number of large investors have recently bought and sold shares of the business. NBC Securities Inc. grew its position in CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 33.0% in the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 702 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of CoreCivic during the fourth quarter worth about $57,000. Fifth Third Bancorp boosted its stake in shares of CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of CoreCivic during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.