A statement released earlier today by Canaccord Genuity about Corrections Corp (NYSE:CXW) ups the target price to $34.00
- Updated: February 11, 2017
Yesterday Corrections Corp (NYSE:CXW) traded -0.65% lower at $30.99. CXW’s 50-day average is $27.44 and its two hundred day average is $21.52. With the last close up 43.08% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Volume of trade was down over the average, with 1,538,412 shares of CXW changing hands under the typical 1,857,850
Indicating a possible upside of 0.10%, Canaccord Genuity raised the target price of Corrections Corp (NYSE:CXW) to $34.00
Previously on 12/21/2016, Zacks Investment Research reported on Corrections Corp (NYSE:CXW) bumped up the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.19%.
Recent Performance Chart
Corrections Corp has 52 week low of $12.99 and a 52 week high of $35.05 with a PE ratio of 17.49 and has a market capitalization of $0.
A total of 3 brokerages have issued a ratings update on Corrections Corp. zero brokerages rating the company a strong buy, one brokerage rating the company a buy, three brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $32.33.
General Information About Corrections Corp (NYSE:CXW)
CoreCivic, Inc., formerly Corrections Corporation of America, is a real estate investment trust (REIT). The Company is a diversified government solutions company. The Company acts to site, design, build, finance, own, maintain and lease assets to government partners. The Company provides services related to the ownership and upkeep of the asset, including maintenance services, utility management and insurance, and property tax management. The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry and prisoner transportation services for governmental agencies. Under the CoreCivic brand, the Company focuses on providing three business offerings: CoreCivic Safety, which is a corrections and detention management offering; CoreCivic Properties, which offers government real estate solutions, and CoreCivic Community, a network of residential reentry centers.
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