CoreCivic with ticker code (CXW) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 15.6 and 10.85 and has a mean target at 13.82. Now with the previous closing price of 9.72 this would indicate that there is a potential upside of 42.2%. The 50 day moving average now sits at 10.12 while the 200 day moving average is 9.79. The market cap for the company is $1,172m. Company Website: https://www.corecivic.com
The potential market cap would be $1,666m based on the market concensus.
CoreCivic owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. As of December 31, 2020, the company owned and operated 47 correctional and detention facilities, 27 residential reentry centers, and 15 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
