Geo Group Inc (The) (GEO) Receives Average Rating of “Hold” from Analysts

Geo Group Inc (The) (NYSE:GEO) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.78.

A number of equities research analysts recently weighed in on GEO shares. Zacks Investment Research raised Geo Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Canaccord Genuity set a $35.00 price target on Geo Group and gave the stock a “buy” rating in a report on Monday, August 7th. BidaskClub downgraded Geo Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. ValuEngine downgraded Geo Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Finally, TheStreet raised Geo Group from a “c+” rating to a “b-” rating in a report on Tuesday.

Shares of Geo Group (NYSE:GEO) traded down $0.01 during mid-day trading on Friday, reaching $26.54. The company had a trading volume of 596,900 shares, compared to its average volume of 1,041,501. Geo Group has a 12 month low of $21.74 and a 12 month high of $34.32. The company has a market capitalization of $3,300.00, a P/E ratio of 11.05, a P/E/G ratio of 2.32 and a beta of 1.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27.

In other Geo Group news, Director Christopher C. Wheeler sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total value of $37,635.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in Geo Group by 54.0% during the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,524 shares during the last quarter. Ffcm LLC increased its holdings in Geo Group by 265.8% during the 2nd quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 3,208 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Geo Group by 69.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 1,909 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Geo Group by 201.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,639 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 4,439 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Geo Group during the 2nd quarter worth about $199,000. Hedge funds and other institutional investors own 95.68% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/geo-group-inc-the-geo-receives-average-rating-of-hold-from-analysts.html.

About Geo Group

The GEO Group, Inc is a real estate investment trust (REIT) 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.

Receive News & Ratings for Geo Group Inc (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geo Group Inc (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply