Geo Group (NYSE:GEO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Geo Group (NYSE:GEO) from a hold rating to a buy rating in a research report released on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Jones Trading dropped their price objective on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded Geo Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Geo Group in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Geo Group Stock Down 1.1%

GEO stock opened at $16.65 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average of $16.42 and a two-hundred day moving average of $20.89. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 9.79 and a beta of 0.70. Geo Group has a 52-week low of $14.27 and a 52-week high of $36.46.

Geo Group (NYSE:GEO) last issued its quarterly 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 7.42% and a net margin of 9.41%.Geo Group has set its FY22 guidance at $2.40-2.46 EPS. As a group, equities research analysts anticipate that Geo Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Geo Group

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in shares of Geo Group by 245.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 782 shares during the period. Twin Tree Management LP bought a new stake in shares of Geo Group in the first quarter valued at about $39,000. NewEdge Advisors LLC boosted its holdings in Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 839 shares during the period. LSV Asset Management bought a new position in Geo Group during the 3rd quarter worth $61,000. Finally, Covestor Ltd lifted its holdings in shares of Geo Group by 18.9% during the 3rd quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.