Corecivic Inc (NYSE:CXW) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $36.00.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
Corecivic (NYSE CXW) opened at $21.26 on Wednesday. Corecivic has a 52-week low of $19.59 and a 52-week high of $35.33. The firm has a market cap of $2,390.09, a P/E ratio of 12.73, a PEG ratio of 1.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.10 and a current ratio of 1.10.
Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Corecivic by 8.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 629 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Corecivic by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,357 shares of the real estate investment trust’s stock valued at $975,000 after acquiring an additional 670 shares during the period. Advisory Services Network LLC boosted its holdings in Corecivic by 115.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,189 shares during the period. American International Group Inc. boosted its holdings in Corecivic by 1.2% in the 4th quarter. American International Group Inc. now owns 244,563 shares of the real estate investment trust’s stock worth $5,503,000 after buying an additional 2,793 shares during the period. Finally, Swiss National Bank boosted its holdings in Corecivic by 1.4% in the 4th quarter. Swiss National Bank now owns 199,218 shares of the real estate investment trust’s stock worth $4,482,000 after buying an additional 2,800 shares during the period. 82.33% of the stock is owned by hedge funds and other institutional investors.
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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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