Research analysts at Barclays Capital (NYSE: BCS) boosted their target price on shares of The Geo Group (NYSE: GEO) from $23.00 to $25.00 in a report released on Tuesday. The firm currently has an “equal weight” rating on the stock.
The Geo Group traded up 0.49% on Tuesday, hitting $22.60. The Geo Group has a 1-year low of $16.40 and a 1-year high of $26.81. The company has a market cap of $1.373 billion and a price-to-earnings ratio of 18.39.
The Geo Group last released its earnings data on Monday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that The Geo Group will post $0.42 EPS next quarter.
Separately, analysts at Global Hunter Securities upgraded shares of The Geo Group to a “buy” rating in a research note to investors on Thursday, March 15th.
The GEO Group, Inc. (GEO) is a provider of government-outsourced services specializing in the management of correctional, detention and mental health and residential treatment facilities in the United States, Canada, Australia, South Africa and the United Kingdom.