The GEO Group (NYSE:GEO) Given New $30.00 Price Target at Wedbush

The GEO Group (NYSE:GEO) had its price objective upped by Wedbush from $25.00 to $30.00 in a research report released on Friday morning,Benzinga reports. Wedbush currently has an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for The GEO Group’s Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.28 EPS and FY2026 earnings at $1.15 EPS.

Separately, StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

The GEO Group Stock Performance

NYSE:GEO opened at $26.49 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The stock’s fifty day moving average is $14.71 and its 200 day moving average is $14.31. The firm has a market capitalization of $3.70 billion, a PE ratio of 91.33, a PEG ratio of 3.09 and a beta of 0.63. The GEO Group has a fifty-two week low of $9.14 and a fifty-two week high of $27.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GEO. Allspring Global Investments Holdings LLC increased its position in shares of The GEO Group by 568.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,326 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 9,632 shares during the period. Commonwealth Equity Services LLC raised its position in The GEO Group by 3.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 1,197 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of The GEO Group by 11.4% in the 1st quarter. BNP Paribas Financial Markets now owns 247,745 shares of the real estate investment trust’s stock worth $3,498,000 after buying an additional 25,441 shares during the period. Texas Permanent School Fund Corp grew its position in shares of The GEO Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust’s stock worth $1,508,000 after buying an additional 1,402 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of The GEO Group during the first quarter valued at $214,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

About The GEO Group

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.