In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Geo Group (GEO), with a price target of $15.00. The company’s shares closed last Thursday at $8.88, close to its 52-week low of $8.53.
According to TipRanks.com, Gomes is a 1-star analyst with an average return of -2.2% and a 38.2% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, Kelly Services, and DLH Holdings.
Geo Group has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
See today’s analyst top recommended stocks >>
Based on Geo Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $588 million and net profit of $36.72 million. In comparison, last year the company earned revenue of $614 million and had a net profit of $41.91 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The U.S. Corrections and Detention segment encompasses United States based public-private partnership corrections and detention business. The GEO Care segment consists of community-based services business, youth services business, and electronic monitoring and supervision service. The International Services segment includes detention operations in South Africa, Australia, and the United Kingdom. The Facility Construction and Design segment contracts with states, local, federal agencies, and international agencies for the design and construction of buildings. The company was founded by George C. Zoley in 1984 and is headquartered in Boca Raton, FL.
