Corecivic Inc (NYSE:CXW) – Stock analysts at SunTrust Banks reduced their Q2 2018 EPS estimates for shares of Corecivic in a research report issued on Thursday. SunTrust Banks analyst T. Sommer now expects that the real estate investment trust will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.57. SunTrust Banks currently has a “Buy” rating and a $37.00 price objective on the stock. SunTrust Banks also issued estimates for Corecivic’s FY2018 earnings at $2.22 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $2.26 EPS and FY2020 earnings at $2.27 EPS.
CXW has been the subject of several other reports. Zacks Investment Research lowered shares of Corecivic from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. ValuEngine lowered shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $32.75.
Corecivic (NYSE CXW) traded down $0.03 during midday trading on Monday, reaching $21.24. 66,405 shares of the company’s stock traded hands, compared to its average volume of 1,048,156. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market capitalization of $2,518.93, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. Corecivic has a 52 week low of $19.59 and a 52 week high of $35.33.
Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its holdings in shares of Corecivic by 115.0% in the second quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,189 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Corecivic by 152.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,818 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 3,516 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Corecivic in the fourth quarter valued at about $173,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Corecivic by 8.2% in the second 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 in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Corecivic in the third quarter valued at about $228,000. Hedge funds and other institutional investors own 81.36% of the company’s stock.
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Corecivic Company Profile
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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