Geo Group Inc (The) (NYSE:GEO) Receives Average Rating of “Hold” from Brokerages

Geo Group Inc (The) (NYSE:GEO) has been given an average rating of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $35.00.

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geo Group in a research note on Monday. Wall Street Zen raised Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Zacks Research cut Geo Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Jones Trading lowered their target price on Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th.

Geo Group Price Performance

Geo Group stock opened at $16.20 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $2.25 billion, a P/E ratio of 9.53 and a beta of 0.70. The business has a 50-day moving average of $16.23 and a 200-day moving average of $20.44. Geo Group has a 1 year low of $14.27 and a 1 year high of $36.46.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share for the quarter. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The business had revenue of $565.42 million for the quarter. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. On average, equities analysts anticipate that Geo Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Geo Group

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Geo Group by 5.8% during the 1st quarter. Invesco Ltd. now owns 1,256,194 shares of the real estate investment trust’s stock worth $36,693,000 after purchasing an additional 68,763 shares in the last quarter. Nuveen LLC bought a new position in shares of Geo Group during the first quarter worth about $9,382,000. Algert Global LLC grew its holdings in shares of Geo Group by 57.1% during the first quarter. Algert Global LLC now owns 80,340 shares of the real estate investment trust’s stock worth $2,347,000 after buying an additional 29,200 shares in the last quarter. Northern Trust Corp raised its position in Geo Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 1,554,420 shares of the real estate investment trust’s stock valued at $45,405,000 after buying an additional 32,060 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Geo Group by 312.7% in the 1st quarter. Wellington Management Group LLP now owns 2,608,619 shares of the real estate investment trust’s stock valued at $76,198,000 after acquiring an additional 1,976,544 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Geo Group Company Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.