CoreCivic (NYSE:CXW) Sets New 1-Year High – Should You Buy?

CoreCivic, Inc. (NYSE:CXW) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $27.98 and last traded at $27.7740, with a volume of 1245569 shares trading hands. The stock had previously closed at $27.77.

Analyst Ratings Changes

CXW has been the subject of a number of research reports. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Benchmark started coverage on shares of CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, CoreCivic presently has a consensus rating of “Buy” and an average price target of $29.00.

CoreCivic Price Performance

The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $21.59 and its 200-day moving average price is $19.85. The stock has a market cap of $2.75 billion, a P/E ratio of 22.58 and a beta of 0.67.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The business’s revenue was up 25.8% on a year-over-year basis. During the same period last year, the company posted $0.45 earnings per share. 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 year.

Institutional Trading of CoreCivic

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in CoreCivic by 49.2% in the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 19,630 shares in the last quarter. AQR Capital Management LLC raised its stake in CoreCivic by 69.8% in the first quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after buying an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CoreCivic by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock worth $1,315,000 after buying an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in CoreCivic by 3,884.2% in the first quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 18,411 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in CoreCivic by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after buying an additional 4,977 shares during the period. Institutional investors own 85.13% of the company’s stock.

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.