CoreCivic - CXW Stock Forecast, Price & News

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. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. As of December 31, 2021, the company owned and operated 46 correctional and detention facilities, 26 residential reentry centers, and 10 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $9.58 on Monday. The company's 50 day simple moving average is $11.35 and its 200 day simple moving average is $10.98. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.87. CoreCivic has a 1 year low of $8.23 and a 1 year high of $14.24.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CXW shares. Wells Fargo & Company raised shares of CoreCivic from a "neutral" rating to an "outperform" rating and set a $17.00 target price on the stock in a report on Thursday, April 14th. StockNews.com cut shares of CoreCivic from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Wedbush raised shares of CoreCivic from a "neutral" rating to an "outperform" rating and set a $17.00 target price on the stock in a report on Thursday, April 14th.

Insider Activity at CoreCivic

In other CoreCivic news, COO Patrick D. Swindle sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $13.24, for a total value of $264,800.00. Following the sale, the chief operating officer now owns 204,805 shares in the company, valued at $2,711,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CoreCivic news, COO Patrick D. Swindle sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $13.24, for a total value of $264,800.00. Following the sale, the chief operating officer now owns 204,805 shares in the company, valued at $2,711,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lucibeth Mayberry sold 75,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $11.37, for a total transaction of $852,750.00. Following the completion of the sale, the executive vice president now owns 229,799 shares in the company, valued at approximately $2,612,814.63. The disclosure for this sale can be found here. Insiders have sold 105,000 shares of company stock valued at $1,247,350 over the last three months. 1.93% of the stock is owned by insiders.