The GEO Group (NYSE:GEO - Get Free Report)'s stock had its "buy" rating reissued by Jones Trading in a report released on Friday,Benzinga reports. They currently have a $55.00 price objective on the real estate investment trust's stock. Jones Trading's target price would indicate a potential upside of 89.72% from the stock's current price.
Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a report on Thursday, March 20th. Wedbush reaffirmed an "outperform" rating and set a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. Noble Financial raised The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Wednesday, March 5th. Finally, UBS Group set a $32.00 price objective on The GEO Group in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, The GEO Group presently has a consensus rating of "Moderate Buy" and an average target price of $40.40.
Check Out Our Latest Stock Report on GEO
The GEO Group Trading Down 0.4 %
GEO traded down $0.13 on Friday, hitting $28.99. The company had a trading volume of 1,492,092 shares, compared to its average volume of 2,685,895. The business's fifty day simple moving average is $28.49 and its 200 day simple moving average is $23.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group has a 12-month low of $11.75 and a 12-month high of $36.46. The company has a market cap of $4.07 billion, a PE ratio of 99.97, a PEG ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO - Get Free Report) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. Equities research analysts expect that The GEO Group will post 0.83 EPS for the current year.
Institutional Trading of The GEO Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in The GEO Group during the 3rd quarter worth $25,000. NewEdge Advisors LLC bought a new position in shares of The GEO Group during the 4th quarter worth $29,000. SRS Capital Advisors Inc. grew its position in shares of The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after buying an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 915 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of The GEO Group in the third quarter valued at about $67,000. Institutional investors own 76.10% of the company's stock.
About The GEO Group
(
Get Free Report)
The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.
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