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Zacks Investment Research downgraded Corrections Corp Of America (NYSE:CXW) to Strong Sell in a report released today.

Zacks Investment Research has downgraded Corrections Corp Of America (NYSE:CXW) to Strong Sell in a report released on 10/11/2016.

Previously on 9/01/2016, Suntrust Robinson reported about Corrections Corp Of America (NYSE:CXW) lowered the target price from $34.00 to $20.00. At the time, this indicated a possible upside of 0.26%.

Yesterday Corrections Corp Of America (NYSE:CXW) traded -0.07% lower at $13.45. Corrections Corp Of America’s 50-day moving average is $15.22 and its 200-day moving average is $27.42. The last closing price is down -48.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 1,460,088 shares of CXW changing hands under the typical 3,639,700

Performance Chart

Corrections Corp Of America (NYSE:CXW)

With a total market value of $0, Corrections Corp Of America has price-earnings ratio of 8.27 with a one year low of $13.04 and a one year high of $35.05 .

A total of 3 analysts have released a research note on Corrections Corp Of America. zero brokerages rating the company a strong buy, one brokerage rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.33.

Brief Synopsis 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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