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Analysts at CRT Capital began coverage on shares of Corrections Corp. of America (NYSE:CXW) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “fair value” rating and a $35.00 price target on the stock. CRT Capital’s price target indicates a potential upside of 3.77% from the stock’s previous close.

In other Corrections Corp. of America news, EVP Anthony Grande unloaded 11,750 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $34.06, for a total transaction of $400,205.00. Following the completion of the sale, the executive vice president now directly owns 95,737 shares in the company, valued at approximately $3,260,802. The sale was disclosed in a document filed with the SEC, which is available at this link.

Corrections Corp. of America (NYSE:CXW) traded down 2.57% during mid-day trading on Friday, hitting $33.73. The stock had a trading volume of 822,094 shares. Corrections Corp. of America has a 52-week low of $31.10 and a 52-week high of $41.40. The stock’s 50-day moving average is $33.18 and its 200-day moving average is $34.15. The company has a market cap of $3.908 billion and a price-to-earnings ratio of 12.44.

Corrections Corp. of America (NYSE:CXW) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $421.50 million for the quarter, compared to the consensus estimate of $432.07 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that Corrections Corp. of America will post $1.88 earnings per share for the current fiscal year.

Separately, analysts at Avondale Partners downgraded shares of Corrections Corp. of America from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 22nd. They now have a $36.00 price target on the stock, down previously from $38.00. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Corrections Corp. of America currently has a consensus rating of “Hold” and a consensus target price of $29.25.

Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.

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