Geo Group (GEO) Receives a Hold from Wells Fargo


Wells Fargo analyst Robert LaQuaglia maintained a Hold rating on Geo Group (GEO) today. The company’s shares opened today at $20.27.

Currently, the analyst consensus on Geo Group is a Moderate Buy with an average price target of $25.50.

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Based on Geo Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $33.39 million. In comparison, last year the company had a net profit of $36.36 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

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The GEO Group, Inc. is a real estate investment trust, which specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. It operates through the following segments: U.S. Corrections and Detention; GEO Care; International Services; and Facility Construction and Design.

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