Corrections Corp (NYSE:CXW) target bumped up to $20.00, released a research note earlier today by SunTrust
- Updated: October 11, 2016
SunTrust bumped up the target of Corrections Corp (NYSE:CXW) to $20.00 indicating a possible upside of 0.49%.
Yesterday Corrections Corp (NYSE:CXW) traded -0.37% lower at $13.40. The company’s 50-day moving average is $15.56 and its two hundred day average is $27.74. With the last close down -51.69% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 1,775,202 shares of CXW changing hands under the typical 3,490,790
With a total market value of $0, Corrections Corp has price-earnings ratio of 7.79 with a one year low of $13.04 and a one year high of $35.05 .
In addition to SunTrust reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $32.33 with 0 brokerages rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Corrections Corp (NYSE:CXW)
Corrections Corporation of America is a real estate investment trust (REIT). 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. The Company's facilities offer a range of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain healthcare (including medical, dental and mental health services), food services and work and recreational programs. The Company provides a range of evidence-based re-entry programs and activities at its facilities. The Company offers a range of vocational/technical education opportunities to equip individuals with job skills. The Company offers evidence-based treatment programs, such as the Residential Drug Addictions Treatment Program (RDAP).
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