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Corrections Corp Of America (NYSE:CXW) target price raised to $20.00, reported today by SunTrust Banks Inc.

Corrections Corp Of America (NYSE:CXW) had its target price raised to $20.00 by SunTrust Banks Inc. in a report released 10/12/2016. The new target price indicates a possible upside of 0.49% based on the company's last closing price.

Yesterday Corrections Corp Of America (NYSE:CXW) traded -0.37% lower at $13.45. The company’s 50-day moving average is $15.56 and its 200-day moving average is $27.74. The last closing price is down -51.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,775,202 shares of the stock were exchanged, down from an average trading volume of 3,490,790

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Corrections Corp Of America (NYSE:CXW)

Corrections Corp Of America has a 52 week low of $13.04 and a 52 week high of $35.05 with a P/E ratio of 7.79 The company’s market cap is currently $0.

In addition to SunTrust Banks Inc. reporting its target price, a total of 3 brokers have issued a report on the stock. The consensus target price is $32.33 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Corrections Corp Of America (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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