Geo Group Inc (The) (NYSE:GEO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Geo Group Inc (The) (NYSE:GEO) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $35.00.

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geo Group in a research report on Monday, December 29th. Jones Trading reduced their target price on Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Zacks Research upgraded Geo Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th.

Hedge Funds Weigh In On Geo Group

Several large investors have recently modified their holdings of GEO. Kestra Private Wealth Services LLC acquired a new stake in shares of Geo Group during the 4th quarter worth about $194,000. Vanguard Group Inc. raised its holdings in Geo Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock valued at $240,106,000 after acquiring an additional 98,742 shares during the period. Evergreen Capital Management LLC raised its holdings in Geo Group by 26.4% in the 4th quarter. Evergreen Capital Management LLC now owns 13,327 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 2,780 shares during the period. Bayforest Capital Ltd acquired a new stake in Geo Group during the fourth quarter worth approximately $37,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Geo Group by 42.2% during the fourth quarter. State of Alaska Department of Revenue now owns 110,776 shares of the real estate investment trust’s stock worth $1,785,000 after acquiring an additional 32,890 shares during the period. 76.10% of the stock is owned by institutional investors.

Geo Group Stock Performance

NYSE GEO opened at $15.68 on Thursday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 9.23 and a beta of 0.73. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average price is $16.68 and its two-hundred day moving average price is $18.68. Geo Group has a 1 year low of $14.27 and a 1 year high of $32.09.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $682.34 million for the quarter, compared to analyst estimates of $665.81 million. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. Geo Group’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. As a group, research analysts anticipate that Geo Group will post 0.83 EPS for the current year.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.