Brokerages Set Geo Group Inc (The) (NYSE:GEO) Target Price at $35.00

Shares of Geo Group Inc (The) (NYSE:GEO) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.00.

Several analysts have weighed in on the company. Jones Trading lowered their target price on Geo Group from $50.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Zacks Research upgraded shares of Geo Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Geo Group in a research report on Monday, December 29th.

Hedge Funds Weigh In On Geo Group

Large investors have recently added to or reduced their stakes in the business. Turiya Advisors Asia Ltd purchased a new stake in Geo Group in the 3rd quarter valued at about $115,664,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Geo Group in the third quarter worth approximately $88,625,000. Continental General Insurance Co. grew its holdings in Geo Group by 919.8% in the second quarter. Continental General Insurance Co. now owns 3,904,474 shares of the real estate investment trust’s stock valued at $93,512,000 after purchasing an additional 3,521,589 shares during the period. Rubric Capital Management LP increased its position in Geo Group by 139.5% during the third quarter. Rubric Capital Management LP now owns 2,986,915 shares of the real estate investment trust’s stock worth $61,202,000 after purchasing an additional 1,739,522 shares during the last quarter. Finally, UBS Group AG raised its stake in Geo Group by 56.5% during the third quarter. UBS Group AG now owns 3,603,288 shares of the real estate investment trust’s stock worth $73,831,000 after purchasing an additional 1,300,139 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Geo Group Stock Performance

NYSE:GEO opened at $17.15 on Friday. The firm’s fifty day simple moving average is $16.10 and its 200-day simple moving average is $19.59. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.39 billion, a PE ratio of 10.09 and a beta of 0.72. Geo Group has a fifty-two week low of $14.27 and a fifty-two week high of $36.46.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $682.34 million for the quarter, compared to the consensus estimate of $665.81 million. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Geo Group has set its FY 2025 guidance at 1.810-1.850 EPS and its Q4 2025 guidance at 0.230-0.270 EPS. Analysts expect that Geo Group will post 0.83 earnings per share for the current fiscal year.

Geo Group Company Profile

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.