Corrections Co. of America Rating Increased to Buy at Sun Trust Rbsn Humphrey (CXW)

By admin | 6 years ago

Corrections Co. of America (NYSE: CXW) was upgraded by Sun Trust Rbsn Humphrey from a “neutral” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts have also recently weighed in on CXW. Analysts at SunTrust (NYSE: STI) upgraded shares of Corrections Co. of America from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 30th. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Corrections Co. of America from $30.00 to $33.00 in a research note to investors on Tuesday, April 17th. They now have an “overweight” rating on the stock. Finally, analysts at First Analysis downgraded shares of Corrections Co. of America from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, April 13rd.

Shares of Corrections Co. of America opened at 25.26 on Friday. Corrections Co. of America has a one year low of $18.41 and a one year high of $31.87. The company has a market cap of $2.525 billion and a P/E ratio of 16.93.

Corrections Co. of America last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.33 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.33. Corrections Co. of America’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Corrections Co. of America will post $0.43 earnings per share next quarter.

Corrections Corporation of America is an owner and operator of privatized correctional and detention facilities, and a prison operator in the United States.

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