Barclays Capital Raises Price Target on The Geo Group (GEO)

By admin | 6 years ago

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.

About the author