CoreCivic, Inc. with ticker code (CXW) have now 3 confirmed 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 18.25 and 15 suggesting an average Analsyt target price of $16.08. Given that the stocks previous close was at $9.34 this is indicating there is a potential upside of 72.2%. The day 50 moving average is $9.85 and the 200 day MA is $10.48. The total market capitalization for the company now stands at $1,090m. Company Website: https://www.corecivic.com
The potential market cap would be $1,877m based on the market consensus.
CoreCivic, Inc. 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, 2022, the company owned and operated 44 correctional and detention facilities, 23 residential reentry centers, and 8 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 8.97, revenue per share of 15.61 and a 3.26% return on assets.
