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

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

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

Institutional Investors Weigh In On Geo Group

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Geo Group by 245.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 782 shares during the period. IFP Advisors Inc acquired a new stake in Geo Group during the 4th quarter worth $30,000. Bayforest Capital Ltd acquired a new position in shares of Geo Group in the 4th quarter valued at approximately $37,000. Daytona Street Capital LLC bought a new stake in shares of Geo Group during the fourth quarter worth $53,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Geo Group by 81.9% during the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 839 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Price Performance

Shares of Geo Group stock opened at $15.89 on Thursday. The firm has a market cap of $2.21 billion, a P/E ratio of 9.35 and a beta of 0.73. The firm’s 50-day simple moving average is $16.68 and its 200-day simple moving average is $18.56. Geo Group has a twelve month low of $14.27 and a twelve month high of $32.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.62 and a current ratio of 1.62.

Geo Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $682.34 million during 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%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, research analysts expect that Geo Group will post 0.83 EPS 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.