Several brokerages have updated their recommendations and price targets on shares of Corrections Corp. of America (NYSE: CXW) in the last few weeks:

  • 9/1/2017 – Corrections Corp. of America was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/31/2017 – Corrections Corp. of America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/30/2017 – Corrections Corp. of America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/24/2017 – Corrections Corp. of America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/23/2017 – Corrections Corp. of America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/21/2017 – Corrections Corp. of America was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 8/18/2017 – Corrections Corp. of America was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/15/2017 – Corrections Corp. of America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/8/2017 – Corrections Corp. of America had its price target lowered by analysts at Deutsche Bank AG from $40.00 to $35.00. They now have a “buy” rating on the stock.
  • 8/7/2017 – Corrections Corp. of America was given a new $36.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 8/7/2017 – Corrections Corp. of America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/4/2017 – Corrections Corp. of America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee. “
  • 8/1/2017 – Corrections Corp. of America was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/8/2017 – Corrections Corp. of America was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Corrections Corp. of America (NYSE CXW) opened at 26.75 on Tuesday. The stock has a market capitalization of $3.16 billion, a PE ratio of 14.89 and a beta of 0.92. Corrections Corp. of America has a 12 month low of $12.99 and a 12 month high of $35.33. The company has a 50-day moving average of $26.64 and a 200-day moving average of $30.19.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.23. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The company had revenue of $436.39 million during the quarter, compared to analyst estimates of $437.92 million. During the same period last year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts expect that Corrections Corp. of America will post $1.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 annualized dividend and a yield of 6.28%. Corrections Corp. of America’s dividend payout ratio is presently 93.86%.

In related news, EVP Kim White sold 5,000 shares of Corrections Corp. of America stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $26.27, for a total value of $131,350.00. Following the sale, the executive vice president now directly owns 22,393 shares in the company, valued at approximately $588,264.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

Receive News & Stock Ratings for Corrections Corp of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corrections Corp of America and related stocks with our FREE daily email newsletter.