Shares of Corrections Corp. of America (NYSE:CXW) have earned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $33.50.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday. Deutsche Bank dropped their price target on Corrections Corp. of America from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. SunTrust Banks restated a “buy” rating and issued a $37.00 price target on shares of Corrections Corp. of America in a research note on Monday, October 2nd. Canaccord Genuity set a $36.00 price target on Corrections Corp. of America and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, ValuEngine downgraded Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd.

In other news, Director Thurgood Marshall, Jr. sold 2,360 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $25.90, for a total value of $61,124.00. Following the transaction, the director now directly owns 31,083 shares in the company, valued at approximately $805,049.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David Garfinkle sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.01, for a total value of $260,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,360 shares of company stock worth $580,224. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its holdings in Corrections Corp. of America by 115.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,189 shares during the period. Arizona State Retirement System raised its holdings in Corrections Corp. of America by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 49,800 shares of the real estate investment trust’s stock worth $1,373,000 after purchasing an additional 900 shares during the period. Bridgewater Associates LP bought a new position in Corrections Corp. of America in the 2nd quarter worth $255,000. Canada Pension Plan Investment Board raised its holdings in Corrections Corp. of America by 133.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 79,300 shares of the real estate investment trust’s stock worth $2,123,000 after purchasing an additional 45,400 shares during the period. Finally, Lee Danner & Bass Inc. raised its holdings in Corrections Corp. of America by 3.1% in the 3rd quarter. Lee Danner & Bass Inc. now owns 1,216,716 shares of the real estate investment trust’s stock worth $32,571,000 after purchasing an additional 36,318 shares during the period. 83.20% of the stock is currently owned by institutional investors.

Shares of Corrections Corp. of America (NYSE:CXW) traded down $0.06 on Friday, reaching $23.15. The company’s stock had a trading volume of 719,236 shares, compared to its average volume of 1,026,330. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. Corrections Corp. of America has a 1-year low of $22.67 and a 1-year high of $35.33. The stock has a market cap of $2,743.52, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88.

Corrections Corp. of America (NYSE:CXW) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Corrections Corp. of America had a return on equity of 13.54% and a net margin of 11.03%. The business had revenue of $442.80 million for the quarter, compared to the consensus estimate of $437.18 million. During the same period last year, the business posted $0.69 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. equities analysts expect that Corrections Corp. of America will post 2.34 earnings per share for the current fiscal year.

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Corrections Corp. of America 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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