Corrections Corp. of America (CXW) Earns Coverage Optimism Score of 0.22
Press coverage about Corrections Corp. of America (NYSE:CXW) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corrections Corp. of America earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.3592486412969 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, August 4th. ValuEngine upgraded Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $37.00 target price on shares of Corrections Corp. of America in a report on Friday, November 10th. Finally, Deutsche Bank AG reduced their target price on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Corrections Corp. of America currently has an average rating of “Hold” and a consensus price target of $34.25.
Shares of Corrections Corp. of America (CXW) traded down $0.20 during midday trading on Friday, hitting $23.00. The stock had a trading volume of 304,940 shares, compared to its average volume of 796,077. Corrections Corp. of America has a twelve month low of $21.77 and a twelve month high of $35.33. The stock has a market capitalization of $2,742.34, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10.
Corrections Corp. of America (NYSE:CXW) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $442.80 million during the quarter, compared to the consensus estimate of $437.18 million. Corrections Corp. of America had a return on equity of 13.54% and a net margin of 11.03%. Corrections Corp. of America’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. research analysts anticipate that Corrections Corp. of America will post 2.33 earnings per share for the current fiscal year.
In other Corrections Corp. of America news, Director Thurgood Marshall, Jr. sold 2,360 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.90, for a total value of $61,124.00. Following the transaction, the director now directly owns 31,083 shares of the company’s stock, valued at approximately $805,049.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David Garfinkle sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $25.90, for a total value of $259,000.00. Following the completion of the transaction, the chief financial officer now directly owns 90,114 shares in the company, valued at $2,333,952.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,360 shares of company stock valued at $580,224. Company insiders own 1.30% of the company’s stock.
About Corrections Corp. of America
CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
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