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

Shares of Geo Group Inc (The) (NYSE:GEOGet Free Report) have been assigned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat.com 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 twelve-month price objective among brokerages that have covered the stock in the last year is $40.00.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Geo Group in a research report on Friday, September 4th. UBS Group reaffirmed an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. JonesTrading lifted their price objective on Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Northland Securities boosted their target price on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 26th.

Get Our Latest Stock Analysis on Geo Group

Insider Transactions at Geo Group

In other news, insider Ronald A. Brack sold 7,000 shares of Geo Group stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the sale, the insider directly owned 71,614 shares in the company, valued at $2,291,648. The trade was a 8.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew Albence sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total value of $316,900.00. Following the completion of the sale, the vice president directly owned 99,399 shares of the company’s stock, valued at approximately $3,149,954.31. The trade was a 9.14% decrease in their position. The SEC filing for this sale provides additional information. 4.98% of the stock is owned by company insiders.

Institutional Trading of Geo Group

A number of institutional investors have recently added to or reduced their stakes in GEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Geo Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,766 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 3,309 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 839 shares in the last quarter. United Services Automobile Association bought a new stake in Geo Group in the first quarter worth $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Geo Group by 168.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 284,975 shares of the real estate investment trust’s stock worth $8,324,000 after buying an additional 178,622 shares during the last quarter. Finally, Invesco Ltd. increased its position in Geo Group by 4.2% during the second quarter. Invesco Ltd. now owns 1,308,817 shares of the real estate investment trust’s stock worth $31,346,000 after buying an additional 52,623 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Trading Down 0.8%

Shares of NYSE GEO opened at $31.36 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. Geo Group has a one year low of $12.51 and a one year high of $33.15. The business has a 50-day moving average price of $30.96 and a two-hundred day moving average price of $24.39. The firm has a market capitalization of $4.13 billion, a PE ratio of 14.79, a PEG ratio of 1.73 and a beta of 0.78.

Geo Group (NYSE:GEOGet Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $732.07 million for the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, analysts predict that Geo Group will post 1.31 earnings per share for the current fiscal year.

Geo Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Geo Group (NYSE:GEO)

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