CoreCivic (NYSE:CXW - Get Free Report)'s stock had its "outperform" rating restated by Wedbush in a research note issued to investors on Tuesday,RTT News reports. They presently have a $30.00 price objective on the real estate investment trust's stock. Wedbush's price objective points to a potential upside of 59.76% from the company's current price. Wedbush also issued estimates for CoreCivic's Q1 2025 earnings at $0.34 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.46 EPS.
Separately, Northland Securities upped their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.
Check Out Our Latest Analysis on CoreCivic
CoreCivic Stock Performance
Shares of CoreCivic stock traded down $0.28 on Tuesday, reaching $18.78. The stock had a trading volume of 979,684 shares, compared to its average volume of 1,133,325. The business's 50-day moving average price is $21.19 and its two-hundred day moving average price is $17.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The stock has a market cap of $2.07 billion, a P/E ratio of 28.03 and a beta of 1.00.
CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. On average, sell-side analysts forecast that CoreCivic will post 1.64 EPS for the current year.
Insider Activity
In other news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the transaction, the director now owns 149,264 shares of the company's stock, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.89% of the company's stock.
Institutional Investors Weigh In On CoreCivic
Several large investors have recently made changes to their positions in the company. River Road Asset Management LLC grew its holdings in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock worth $108,937,000 after purchasing an additional 40,365 shares during the last quarter. Cooper Creek Partners Management LLC grew its holdings in shares of CoreCivic by 9.9% in the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock worth $133,206,000 after purchasing an additional 553,336 shares during the last quarter. FMR LLC grew its holdings in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock worth $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp grew its holdings in shares of CoreCivic by 0.4% in the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock worth $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CoreCivic by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust's stock worth $32,517,000 after purchasing an additional 18,410 shares during the last quarter. Institutional investors own 85.13% of the company's stock.
About CoreCivic
(
Get Free Report)
CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
Further Reading
Before you consider CoreCivic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreCivic wasn't on the list.
While CoreCivic currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
