Noble Financial Upgrades The GEO Group (NYSE:GEO) to “Outperform”

The GEO Group (NYSE:GEO) was upgraded by research analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday,Finviz reports. The firm presently has a $32.00 target price on the real estate investment trust’s stock. Noble Financial’s target price would indicate a potential upside of 23.43% from the stock’s current price.

A number of other research analysts have also weighed in on GEO. Northland Securities raised their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Trading Down 1.2 %

The GEO Group stock opened at $25.93 on Wednesday. The GEO Group has a one year low of $11.50 and a one year high of $36.46. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $3.63 billion, a PE ratio of 89.40, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87. The stock has a 50-day moving average of $29.34 and a two-hundred day moving average of $22.61.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. On average, research analysts anticipate that The GEO Group will post 0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On The GEO Group

Several institutional investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its holdings in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 720 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 915 shares during the period. Creative Planning raised its stake in shares of The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 919 shares in the last quarter. NewEdge Advisors LLC purchased a new position in The GEO Group in the fourth quarter valued at $29,000. Finally, Tyler Stone Wealth Management grew its stake in The GEO Group by 8.4% during the 4th quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 1,030 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.