Wedbush Reaffirms "Outperform" Rating for The GEO Group (NYSE:GEO)

The GEO Group (NYSE:GEO - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Wedbush in a research note issued on Tuesday,RTT News reports. They presently have a $46.00 price target on the real estate investment trust's stock. Wedbush's target price would suggest a potential upside of 62.92% from the company's current price.

A number of other research analysts have also recently issued reports on the company. Noble Financial raised The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Wednesday, March 5th. UBS Group set a $32.00 target price on The GEO Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The GEO Group presently has a consensus rating of "Moderate Buy" and an average price target of $40.40.

The GEO Group Trading Down 2.9 %

Shares of The GEO Group stock traded down $0.84 during trading on Tuesday, reaching $28.24. 4,345,928 shares of the company were exchanged, compared to its average volume of 2,688,015. 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 twelve month low of $11.75 and a twelve month high of $36.46. The business has a 50-day moving average price of $28.57 and a 200-day moving average price of $23.67. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 97.37, a P/E/G ratio of 2.11 and a beta of 0.91.

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The GEO Group (NYSE:GEO - Get Free Report) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. Sell-side analysts anticipate that The GEO Group will post 0.83 EPS for the current fiscal year.

Institutional Trading of The GEO Group

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the third quarter valued at about $25,000. NewEdge Advisors LLC bought a new stake in The GEO Group during the fourth quarter worth about $29,000. SRS Capital Advisors Inc. raised its holdings in The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 worth $42,000 after acquiring an additional 915 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in The GEO Group during the third quarter worth about $67,000. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Company Profile

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.