CoreCivic (NYSE:CXW) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of CoreCivic, Inc. (NYSE:CXW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.19 and traded as high as $21.69. CoreCivic shares last traded at $21.06, with a volume of 1,259,193 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on CXW. JonesTrading reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Friday, February 13th. Wall Street Zen cut shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CoreCivic in a research note on Friday, May 15th. Finally, Benchmark assumed coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They issued a “buy” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CoreCivic Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. The firm’s 50 day moving average is $20.39 and its 200-day moving average is $19.19. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 17.12 and a beta of 0.68.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The firm had revenue of $614.73 million during the quarter, compared to analyst estimates of $604.48 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Analysts forecast that CoreCivic, Inc. will post 2.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CoreCivic

Several large investors have recently made changes to their positions in the company. Aberdeen Group plc raised its position in CoreCivic by 44.5% during the third quarter. Aberdeen Group plc now owns 604,774 shares of the real estate investment trust’s stock worth $13,027,000 after acquiring an additional 186,174 shares during the period. Vanguard Group Inc. raised its position in CoreCivic by 1.5% during the third quarter. Vanguard Group Inc. now owns 12,574,673 shares of the real estate investment trust’s stock worth $255,895,000 after acquiring an additional 183,923 shares during the period. Allianz Asset Management GmbH raised its position in CoreCivic by 13.8% during the third quarter. Allianz Asset Management GmbH now owns 1,856,230 shares of the real estate investment trust’s stock worth $37,774,000 after acquiring an additional 224,747 shares during the period. Turiya Advisors Asia Ltd acquired a new position in CoreCivic during the third quarter worth $9,748,000. Finally, Counterpoint Mutual Funds LLC raised its position in CoreCivic by 442.6% during the third quarter. Counterpoint Mutual Funds LLC now owns 106,895 shares of the real estate investment trust’s stock worth $2,175,000 after acquiring an additional 87,194 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.