CoreCivic (NYSE:CXW) Sets New 1-Year High – Should You Buy?

CoreCivic, Inc. (NYSE:CXW)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.98 and last traded at $27.7740, with a volume of 1245569 shares traded. The stock had previously closed at $27.77.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Benchmark started coverage on CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic has a consensus rating of “Buy” and an average price target of $29.00.

CoreCivic Stock Up 0.0%

The company’s fifty day moving average price is $21.59 and its 200-day moving average price is $19.85. The stock has a market capitalization of $2.75 billion, a PE ratio of 22.58 and a beta of 0.67. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The company had revenue of $614.73 million during the quarter, compared to analysts’ expectations of $604.48 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s quarterly revenue was up 25.8% on a year-over-year basis. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Analysts forecast that CoreCivic, Inc. will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On CoreCivic

A number of institutional investors have recently modified their holdings of CXW. NBC Securities Inc. raised its position in shares of CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the last quarter. Leonteq Securities AG purchased a new stake in CoreCivic during the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC increased its stake in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares in the last quarter. Fifth Third Bancorp increased its stake in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CoreCivic in the fourth quarter worth about $71,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.