Shares of The GEO Group Inc (NYSE:GEO) have been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.78.
Several brokerages recently weighed in on GEO. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine cut shares of The GEO Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd.
In other The GEO Group news, Director Christopher C. Wheeler sold 1,500 shares of The GEO Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.
Shares of The GEO Group (GEO) traded up $0.07 during midday trading on Friday, reaching $22.22. 841,787 shares of the company traded hands, compared to its average volume of 662,422. The GEO Group has a twelve month low of $22.04 and a twelve month high of $34.32. The company has a market cap of $2,748.16, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27.
The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.13). The GEO Group had a net margin of 7.05% and a return on equity of 14.85%. equities analysts predict that The GEO Group will post 1.94 EPS for the current fiscal year.
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About The GEO Group
The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
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