CoreCivic found using ticker (CXW) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 18 and 15 and has a mean target at 16. Given that the stocks previous close was at 9.77 this now indicates there is a potential upside of 63.8%. There is a 50 day moving average of 10.62 and the 200 moving average now moves to 10.77. The market capitalisation for the company is $1,183m. You can visit the company’s website by visiting: https://www.corecivic.com
The potential market cap would be $1,938m 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, 2021, the company owned and operated 46 correctional and detention facilities, 26 residential reentry centers, and 10 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
