The GEO Group (NYSE:GEO) Raised to “Outperform” at Noble Financial

The GEO Group (NYSE:GEO) was upgraded by equities researchers at Noble Financial from a “market perform” rating to an “outperform” rating in a report released on Wednesday,Finviz reports. The firm currently has a $32.00 price target on the real estate investment trust’s stock. Noble Financial’s target price suggests a potential upside of 23.43% from the company’s previous close.

A number of other research firms also recently commented on GEO. Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Stock Down 1.2 %

NYSE:GEO opened at $25.93 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group has a 52 week low of $11.50 and a 52 week high of $36.46. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 89.40, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87. The stock’s fifty day moving average is $29.34 and its two-hundred day moving average is $22.61.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. Research analysts anticipate that The GEO Group will post 0.83 EPS for the current year.

Institutional Investors Weigh In On The GEO Group

A number of institutional investors have recently made changes to their positions in the company. Creative Planning increased its position in The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 919 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in The GEO Group by 98.8% during the 3rd quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 6,105 shares in the last quarter. Versor Investments LP purchased a new position in shares of The GEO Group in the third quarter valued at $604,000. Victory Capital Management Inc. increased its stake in The GEO Group by 12.0% during the third quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock worth $2,511,000 after acquiring an additional 20,962 shares during the last quarter. Finally, Chesapeake Capital Corp IL increased its position in shares of The GEO Group by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The 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.