Geo Group Inc (The) (NYSE:GEO) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts give GEO an average “Buy” rating from six brokerages, with four buys, one strong buy and one hold. The average 12-month price target is $40, compared with the reported share price of $31.05.
• GEO reported quarterly EPS of $0.37, exceeding the $0.29 consensus estimate, while revenue rose 15.1% year over year to $732.07 million, also above expectations.
• Institutional investors own 76.1% of GEO’s shares, and the stock has risen significantly from its 12-month low of $12.51, trading near its $32.25 high.

Geo Group Inc (The) (NYSE:GEO - Get Free Report) has earned an average rating of "Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $40.00.

A number of analysts recently weighed in on the stock. UBS Group reaffirmed an "outperform" rating on shares of Geo Group in a report on Monday. Zacks Research raised Geo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Northland Securities boosted their price target on shares of Geo Group from $30.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, June 26th. Wall Street Zen cut shares of Geo Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, JonesTrading raised their target price on shares of Geo Group from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday.

Institutional Investors Weigh In On Geo Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 782 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Geo Group by 111.9% in the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 910 shares during the period. IFP Advisors Inc purchased a new stake in shares of Geo Group in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC bought a new position in Geo Group in the second quarter worth approximately $34,000. Finally, Bayforest Capital Ltd purchased a new stake in Geo Group during the fourth quarter worth $37,000. 76.10% of the stock is owned by institutional investors.

Geo Group Stock Up 1.2%

Shares of GEO traded up $0.35 on Monday, reaching $31.05. The company's stock had a trading volume of 843,604 shares, compared to its average volume of 2,109,756. Geo Group has a twelve month low of $12.51 and a twelve month high of $32.25. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average of $29.27 and a 200-day moving average of $21.74. The stock has a market capitalization of $4.15 billion, a PE ratio of 14.63, a PEG ratio of 1.68 and a beta of 0.79.

Geo Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.08. The business had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.Geo Group's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. Equities analysts predict that Geo Group will post 1.3 EPS for the current year.

About Geo Group

The GEO Group NYSE: GEO is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO's integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO's portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.

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