CoreCivic (NYSE:CXW) Hits New 12-Month High – Still a Buy?

CoreCivic, Inc. (NYSE:CXW)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $30.45 and last traded at $29.66, with a volume of 1876687 shares. The stock had previously closed at $28.90.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Benchmark began coverage on shares of CoreCivic in a report on Tuesday, March 24th. They set a “buy” rating and a $28.00 target price for the company. Finally, Weiss Ratings downgraded shares of CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, CoreCivic presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

CoreCivic Stock Performance

The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $22.68 and a two-hundred day simple moving average of $20.31. The stock has a market capitalization of $2.94 billion, a P/E ratio of 24.20 and a beta of 0.67.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. On average, equities analysts forecast that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

Institutional Trading of CoreCivic

A number of large investors have recently added to or reduced their stakes in CXW. NBC Securities Inc. increased its stake in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the last quarter. Leonteq Securities AG acquired a new stake in CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the last quarter. Fifth Third Bancorp grew its holdings in CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in CoreCivic during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.