CoreCivic, Inc. (NYSE:CXW) Stock Has Consensus Target Price of $39.40 According to Analysts

CoreCivic, Inc. (NYSE:CXW) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.40.

Several equities analysts have recently weighed in on the stock. UBS Group set a $35.00 price objective on shares of CoreCivic in a research note on Tuesday, July 7th. Noble Financial reaffirmed an “outperform” rating on shares of CoreCivic in a report on Monday, August 10th. TD Cowen reiterated a “hold” rating on shares of CoreCivic in a research report on Friday, October 23rd. Weiss Ratings cut shares of CoreCivic from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.76, for a total transaction of $1,688,000.00. Following the sale, the chief financial officer directly owned 343,353 shares of the company’s stock, valued at $11,591,597.28. This trade represents a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lucibeth Mayberry sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $33.29, for a total value of $3,994,800.00. Following the sale, the executive vice president directly owned 149,329 shares in the company, valued at approximately $4,971,162.41. This represents a 44.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 459,287 shares of company stock valued at $15,431,193. 1.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in CoreCivic during the second quarter valued at $480,557,000. Assenagon Asset Management S.A. purchased a new position in shares of CoreCivic during the 3rd quarter worth about $93,789,000. Lee Danner & Bass Inc. grew its holdings in CoreCivic by 273.1% during the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after purchasing an additional 1,590,940 shares during the last quarter. Park West Asset Management LLC bought a new position in CoreCivic during the 2nd quarter valued at about $27,310,000. Finally, JB Capital Partners LP bought a new position in CoreCivic during the 2nd quarter valued at about $25,677,480. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Price Performance

Shares of CXW opened at $31.00 on Friday. The firm has a fifty day simple moving average of $32.77 and a two-hundred day simple moving average of $25.68. The firm has a market cap of $3.07 billion, a PE ratio of 24.80 and a beta of 0.57. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. CoreCivic has a 1-year low of $15.73 and a 1-year high of $36.55.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $684.92 million for the quarter, compared to the consensus estimate of $618.63 million. CoreCivic had a return on equity of 9.22% and a net margin of 5.15%. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. On average, equities analysts anticipate that CoreCivic will post 2.69 EPS for the current year.

CoreCivic declared that its Board of Directors has approved a share buyback program on Monday, August 10th that authorizes the company to buy back $500 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 15.7% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About CoreCivic

CoreCivic, Inc is a diversified government solutions company that owns, manages and develops correctional and detention facilities in the United States. The company provides detention and corrections services to federal, state and local government agencies, primarily under contracts that call for the housing and care of individuals in custody.

In addition to secure facilities, CoreCivic operates residential reentry centers and provides community-based services designed to support individuals transitioning from incarceration.