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.

Analyst Upgrades and Downgrades

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

CoreCivic Price Performance

Shares of CXW Stock opened at $9.58 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 1.87. The company has a market capitalization of $1.13 billion, a P/E ratio of 13.12 and a beta of 0.82. The company's 50-day simple moving average is $11.35 and its two-hundred day simple moving average is $10.98. CoreCivic has a one year low of $8.23 and a one year high of $14.24.

CoreCivic (NYSE:CXW - Get Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). The company had revenue of $453.00 million during the quarter, compared to the consensus estimate of $467.34 million. CoreCivic had a return on equity of 7.30% and a net margin of 4.73%. CoreCivic's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts anticipate that CoreCivic will post 1.3 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Lucibeth Mayberry sold 75,000 shares of the 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 transaction, the executive vice president now directly owns 229,799 shares in the company, valued at $2,612,814.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Lucibeth Mayberry sold 75,000 shares of the 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 transaction, the executive vice president now directly owns 229,799 shares in the company, valued at $2,612,814.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Patrick D. Swindle sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $13.24, for a total transaction of $264,800.00. Following the transaction, the chief operating officer now owns 204,805 shares in the company, valued at $2,711,618.20. The disclosure for this sale can be found here. Insiders have sold 105,000 shares of company stock worth $1,247,350 in the last three months. Corporate insiders own 1.93% of the company's stock.