Analysts Set Geo Group Inc (The) (NYSE:GEO) Price Target at $37.00

Geo Group Inc (The) (NYSE:GEO) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four 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 $37.00.

Several research firms recently commented on GEO. Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a research note on Wednesday, October 8th. Finally, Jones Trading dropped their target price on shares of Geo Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp raised its stake in shares of Geo Group by 2.0% in the second quarter. State Street Corp now owns 4,922,108 shares of the real estate investment trust’s stock worth $117,884,000 after purchasing an additional 98,739 shares during the last quarter. Continental General Insurance Co. raised its stake in shares of Geo Group by 919.8% in the second quarter. Continental General Insurance Co. now owns 3,904,474 shares of the real estate investment trust’s stock worth $93,512,000 after purchasing an additional 3,521,589 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Geo Group by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,259,307 shares of the real estate investment trust’s stock worth $78,076,000 after purchasing an additional 108,106 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Geo Group by 312.7% in the first quarter. Wellington Management Group LLP now owns 2,608,619 shares of the real estate investment trust’s stock worth $76,198,000 after purchasing an additional 1,976,544 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Geo Group by 2.1% in the first quarter. Northern Trust Corp now owns 1,554,420 shares of the real estate investment trust’s stock worth $45,405,000 after purchasing an additional 32,060 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Trading Down 1.3%

GEO opened at $16.46 on Tuesday. The stock has a market cap of $2.33 billion, a PE ratio of 25.33, a PEG ratio of 1.87 and a beta of 0.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average of $19.77 and a 200-day moving average of $23.78. Geo Group has a 52 week low of $13.59 and a 52 week high of $36.46.

Geo Group (NYSE:GEO) last released its earnings results on Wednesday, September 28th. The real estate investment trust reported $0.41 EPS for the quarter. The company had revenue of $565.42 million during the quarter. Geo Group had a return on equity of 7.26% and a net margin of 3.69%. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. Equities research analysts predict that Geo Group will post 0.83 earnings per share for the current fiscal year.

Geo Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Geo Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.