NYSE:CXW

CoreCivic - CXW Stock Forecast, Price & News

$12.15

-0.04 (-0.33%)

(As of 11/28/2022 12:00 AM ET)

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Today's Range: $12.01
▼
$12.53
50-Day Range: $8.82
▼
$12.19
52-Week Range: $8.39
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$14.24

Volume: 889,632 shs
Average Volume: 987,449 shs
Market Capitalization: $1.40 billion

P/E Ratio: 11.46
Dividend Yield: N/A
Price Target: $17.00

CoreCivic MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 39.9% Upside
$17.00 Price Target
Short Interest: Healthy
1.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth: 28.46%
From $1.30 to $1.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Finance Sector

78th out of 894 stocks

Real Estate Investment Trusts Industry

16th out of 192 stocks

3.5

Analyst's Opinion

Consensus Rating
CoreCivic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, CoreCivic has a forecasted upside of 39.9% from its current price of $12.15.
Amount of Analyst Coverage
CoreCivic has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.71% of the float of CoreCivic has been sold short.
Short Interest Ratio / Days to Cover
CoreCivic has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CoreCivic has recently decreased by 52.24%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CoreCivic does not currently pay a dividend.
Dividend Growth
CoreCivic does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CXW.

2.3

News and Social Media Coverage

News Sentiment
CoreCivic has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for CoreCivic this week, compared to 2 articles on an average week.
Search Interest
9 people have searched for CXW on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.
MarketBeat Follows
3 people have added CoreCivic to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoreCivic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,160,442.00 in company stock.
Percentage Held by Insiders
Only 1.93% of the stock of CoreCivic is held by insiders.
Percentage Held by Institutions
86.46% of the stock of CoreCivic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CoreCivic are expected to grow by 28.46% in the coming year, from $1.30 to $1.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoreCivic is 11.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoreCivic is 11.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 178.50.
Price to Book Value per Share Ratio
CoreCivic has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CoreCivic (NYSE:CXW) Stock

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.

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CXW Stock News Headlines

November 19, 2022 | americanbankingnews.com

Cole G. Carter Sells 5,000 Shares of CoreCivic, Inc. (NYSE:CXW) Stock

November 19, 2022 | americanbankingnews.com

CoreCivic, Inc. (NYSE:CXW) CFO Sells $84,675.00 in Stock

November 18, 2022 | finance.yahoo.com

CoreCivic, Inc.'s (NYSE:CXW) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

November 14, 2022 | investorplace.com

Michael Burry Doubles Down on Prison Stocks With CoreCivic (CXW) Bet

November 4, 2022 | finance.yahoo.com

CXW: Occupancies Improving; La Palma Transition Nearing Completion; Balance Sheet Strength Reflecting CXW Initiatives

November 2, 2022 | finance.yahoo.com

CoreCivic Reports Third Quarter 2022 Financial Results

October 30, 2022 | finance.yahoo.com

Is There Now An Opportunity In CoreCivic, Inc. (NYSE:CXW)?

October 26, 2022 | finance.yahoo.com

CoreCivic Announces 2022 Third Quarter Earnings Release and Conference Call Dates

October 12, 2022 | finance.yahoo.com

Is There An Opportunity With CoreCivic, Inc.'s (NYSE:CXW) 38% Undervaluation?

September 30, 2022 | investors.com

TO: ALL CURRENT RECORD HOLDERS AND BENEFICIAL OWNERS OF THE COMMON STOCK OF CORECIVIC, INC. ("CORECIVIC" OR THE "COMPANY") AS OF SEPTEMBER 9, 2022 ("CURRENT CORECIVIC SHAREHOLDE - Investor's Business Daily

September 27, 2022 | bloomberg.com

US Detention-Center Owners Reject Claims of Human Rights Violations - Bloomberg

September 26, 2022 | reuters.com

GEO Group wins legal challenge to California ban on private immigrant prisons - Reuters

September 26, 2022 | apnews.com

Staffing shortages, violence plague Oklahoma prisons - The Associated Press - en Español

September 22, 2022 | seekingalpha.com

GEO: Strong Financial Outlook, Room For Dividends/Share Buybacks, And High Short Interest - Seeking Alpha

September 19, 2022 | finance.yahoo.com

CoreCivic (NYSE:CXW) Has More To Do To Multiply In Value Going Forward

September 16, 2022 | nypost.com

Fake heiress Anna Sorokin blasts US immigration system in jailhouse letter - New York Post

September 11, 2022 | seekingalpha.com

Is CoreCivic Stock Weakness An Opportunity? (NYSE:CXW) - Seeking Alpha

September 6, 2022 | seekingalpha.com

CoreCivic: 16% Buyback Yield Should Drive The Share Price Up Sharply (NYSE:CXW) - Seeking Alpha

August 26, 2022 | nasdaq.com

Let's Talk About Michael Burry Selling Every Stock but One - Nasdaq

August 26, 2022 | fool.com

Let's Talk About Michael Burry Selling Every Stock but One - The Motley Fool

August 14, 2022 | abcnews.go.com

Private prison firm to settle lawsuit over inmate death - ABC News

August 6, 2022 | nasdaq.com

RSI Alert: CoreCivic (CXW) Now Oversold

August 5, 2022 | finance.yahoo.com

CXW: Delays in La Palma Transition & Title 42 Reversal Mask Underlying Strength

August 4, 2022 | seekingalpha.com

Corecivic FFO of $0.34 misses by $0.02, revenue of $456.7M misses by $3.36M (NYSE:CXW) - Seeking Alpha

August 4, 2022 | seekingalpha.com

CoreCivic, Inc.'s (CXW) CEO Damon Hininger on Q2 2022 Results - Earnings Call Transcript - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CXW Company Calendar

Last Earnings: 5/04/2022
Today: 11/29/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/08/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Sector: Finance
Current Symbol: NYSE:CXW
CUSIP: 22025Y40
CIK: 1070985
Web: www.corecivic.com
Phone: (615) 263-3000
Fax: 615-263-3140
Employees: 10,350
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $17.00
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +39.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.06
Trailing P/E Ratio: 11.46
Forward P/E Ratio: 9.35
P/E Growth: N/A
Net Income: $-51,900,000.00
Net Margins: 6.82%
Pretax Margin: 9.22%
Return on Equity: 5.49%
Return on Assets: 2.24%

Debt

Debt-to-Equity Ratio: 0.79
Current Ratio: 1.12
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $1.86 billion
Price / Sales: 0.75
Cash Flow: $2.23 per share
Price / Cash Flow: 5.45
Book Value: $11.41 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 114,981,000
Free Float: 112,762,000
Market Cap: $1.40 billion
Optionable: Optionable
Beta: 0.89

Key Executives

Mr. Damon T. Hininger (Age 52)
Pres, CEO & Director
Comp: $2.76M

Mr. David M. Garfinkle (Age 54)
Exec. VP & CFO
Comp: $1.26M

Mr. Patrick Swindle (Age 47)
Exec. VP & COO
Comp: $1.17M

Mr. Anthony L. Grande (Age 52)
Exec. VP & Chief Devel. Officer
Comp: $1.3M

Ms. Lucibeth N. Mayberry J.D. (Age 50)
Exec. VP of Real Estate
Comp: $1.17M

Mr. Harley G. Lappin III (Age 66)
Director

Mr. John Pfeiffer
Chief Information Officer & VP of Technology

Mr. Cameron Hopewell
Managing Director of Investor Relations

Mr. Cole G. Carter J.D. (Age 53)
Exec. VP, Gen. Counsel & Sec.

Mr. Scott Craddock
VP & Chief Ethics and Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CXW Stock - Frequently Asked Questions

Should I buy or sell CoreCivic stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CXW shares.
View CXW analyst ratings or view top-rated stocks.
What is CoreCivic's stock price forecast for 2023?: 2 Wall Street research analysts have issued 12 month price objectives for CoreCivic's shares. Their CXW share price forecasts range from $17.00 to $17.00. On average, they anticipate the company's share price to reach $17.00 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for CXW or view top-rated stocks among Wall Street analysts.
How have CXW shares performed in 2022?: CoreCivic's stock was trading at $9.97 at the beginning of the year. Since then, CXW shares have increased by 21.9% and is now trading at $12.15.
View the best growth stocks for 2022 here.
Are investors shorting CoreCivic?: CoreCivic saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 4,020,000 shares, a decline of 11.8% from the October 15th total of 4,560,000 shares. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is presently 3.7 days. Currently, 3.6% of the company's shares are sold short.
View CoreCivic's Short Interest.
When is CoreCivic's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CXW earnings forecast.
How were CoreCivic's earnings last quarter?: CoreCivic, Inc. (NYSE:CXW) posted its quarterly earnings data 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 real estate investment trust earned $453 million during the quarter, compared to the consensus estimate of $467.34 million. CoreCivic had a trailing twelve-month return on equity of 5.49% and a net margin of 6.82%. CoreCivic's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS.
What guidance has CoreCivic issued on next quarter's earnings?: CoreCivic issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.28-$1.32 for the period. The company issued revenue guidance of -.

What is Damon T. Hininger's approval rating as CoreCivic's CEO?: 118 employees have rated CoreCivic Chief Executive Officer Damon T. Hininger on Glassdoor.com. Damon T. Hininger has an approval rating of 68% among the company's employees.
What other stocks do shareholders of CoreCivic own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CoreCivic investors own include The GEO Group (GEO), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), AT&T (T), Energy Transfer (ET), Ares Capital (ARCC), New Residential Investment (NRZ), AGNC Investment (AGNC), Iron Mountain (IRM) and Medical Properties Trust (MPW).
What is CoreCivic's stock symbol?: CoreCivic trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."
Who are CoreCivic's major shareholders?: CoreCivic's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.13%), Vanguard Group Inc. (11.51%), River Road Asset Management LLC (7.00%), State Street Corp (3.62%), Flat Footed LLC (1.64%) and LSV Asset Management (1.38%). Insiders that own company stock include Cole G Carter, Damon T Hininger, David Garfinkle, John R Prann Jr, Lucibeth Mayberry, Mark A Emkes, Patrick D Swindle, Randall J Hogan and Thurgood Marshall Jr.
View institutional ownership trends.
How do I buy shares of CoreCivic?: Shares of CXW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CoreCivic's stock price today?: One share of CXW stock can currently be purchased for approximately $12.15.
How much money does CoreCivic make?: CoreCivic (NYSE:CXW) has a market capitalization of $1.40 billion and generates $1.86 billion in revenue each year. The real estate investment trust earns $-51,900,000.00 in net income (profit) each year or $1.06 on an earnings per share basis.
How many employees does CoreCivic have?: The company employs 10,350 workers across the globe.
How can I contact CoreCivic?: CoreCivic's mailing address is 5501 VIRGINIA WAY, BRENTWOOD TN, 37027. The official website for the company is www.corecivic.com. The real estate investment trust can be reached via phone at (615) 263-3000, via email at cameron.hopewell@corecivic.com, or via fax at 615-263-3140.

This page (NYSE:CXW) was last updated on 11/29/2022 by MarketBeat.com Staff

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