CoreCivic (NYSE:CXW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CoreCivic (NYSE:CXW) from a hold rating to a buy rating in a report released on Saturday.

Several other brokerages have also recently weighed in on CXW. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. UBS Group set a $35.00 price objective on shares of CoreCivic in a report on Tuesday, July 7th. Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Noble Financial upped their target price on shares of CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, Benchmark increased their price target on shares of CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average target price of $36.20.

CoreCivic Stock Down 0.5%

CXW stock opened at $31.18 on Friday. CoreCivic has a fifty-two week low of $15.73 and a fifty-two week high of $32.69. The business’s 50-day moving average is $27.52 and its two-hundred day moving average is $22.24. 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 company has a market cap of $3.08 billion, a price-to-earnings ratio of 25.35 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares in the last quarter. Leonteq Securities AG purchased a new stake in CoreCivic in the 4th quarter worth approximately $57,000. Smartleaf Asset Management LLC increased its holdings in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 702 shares in the last quarter. Fifth Third Bancorp raised its stake in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in CoreCivic during the 4th quarter worth approximately $71,000. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

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.