Geo Group Inc (The) (NYSE:GEO) Given Consensus Recommendation of “Buy” by Analysts

Geo Group Inc (The) (NYSE:GEO) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $40.00.

Several equities analysts have recently weighed in on GEO shares. Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Weiss Ratings raised Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. JonesTrading upped their price objective on Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th.

Hedge Funds Weigh In On Geo Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Jupiter Topco LLC bought a new position in Geo Group during the 2nd quarter valued at approximately $1,527,000. Hsbc Holdings PLC purchased a new position in Geo Group during the second quarter valued at $118,673,000. Legal & General Group Plc purchased a new position in Geo Group during the 2nd quarter valued at about $9,165,000. The Manufacturers Life Insurance Company purchased a new position in shares of Geo Group during the second quarter valued at approximately $1,893,000. Finally, Algert Global LLC boosted its holdings in Geo Group by 107.9% in the second quarter. Algert Global LLC now owns 488,997 shares of the real estate investment trust’s stock worth $14,450,000 after acquiring an additional 253,824 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Geo Group Trading Down 0.5%

Shares of Geo Group stock opened at $31.07 on Monday. Geo Group has a 1 year low of $12.51 and a 1 year high of $32.62. The stock has a fifty day moving average price of $29.96 and a 200-day moving average price of $22.21. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $4.09 billion, a PE ratio of 14.66, a P/E/G ratio of 1.71 and a beta of 0.79.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities research analysts anticipate that Geo Group will post 1.31 EPS for the current year.

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.