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The GEO Group (NYSE:GEO)’s share price hit a new 52-week high during trading on Thursday , AR Network reports. The stock traded as high as $38.41 and last traded at $38.15, with a volume of 304,391 shares traded. The stock had previously closed at $37.92.

A number of analysts have recently weighed in on GEO shares. Analysts at Zacks downgraded shares of The GEO Group from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. They now have a $35.70 price target on the stock. Analysts at CRT Capital raised their price target on shares of The GEO Group from $41.00 to $43.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock.

The stock has a 50-day moving average of $36.4 and a 200-day moving average of $34.23. The company has a market cap of $2.722 billion and a P/E ratio of 21.93.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. The company had revenue of $412.84 million for the quarter, compared to the consensus estimate of $404.57 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that The GEO Group will post $3.21 earnings per share for the current fiscal year.

The GEO Group, Inc is a real estate investment trust (NYSE:GEO) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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