Corrections Corp. of America Rating Reiterated by SunTrust (CXW)
Corrections Corp. of America (NYSE:CXW)‘s stock had its “reduce” rating restated by equities research analysts at SunTrust in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $1.00 price target on the stock. SunTrust’s price target would indicate a potential downside of 97.03% from the company’s current price.
CXW has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Corrections Corp. of America (NYSE:CXW) in a research note to investors on Friday, August 23rd. They now have a $45.00 price target on the stock.
Shares of Corrections Corp. of America (NYSE:CXW) opened at 33.72 on Thursday. Corrections Corp. of America has a 52-week low of $30.84 and a 52-week high of $41.40. The stock has a 50-day moving average of $33.40 and a 200-day moving average of $35.57. The company has a market cap of $3.901 billion and a price-to-earnings ratio of 12.03.
Corrections Corp. of America (NYSE:CXW) last released its earnings data on Wednesday, August 7th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.02. The company had revenue of $433.98 million for the quarter, compared to the consensus estimate of $431.55 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Corrections Corp. of America will post $1.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Monday, September 30th.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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