Shares of GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW), two real estate investment trust operators of private detention centers, were down sharply. Shares of real estate investment trust (REIT) CoreCivic (NYSE:CXW) fell sharply at the start of trading Wednesday, losing nearly 20% of their value. CoreCivic Inc () Stock Market info Recommendations: Buy or sell CoreCivic stock? Corecivic (NYSE:CXW) is scheduled to announce Q3 earnings results on Wednesday, November 4th, after market close.Consensus revenue estimate is $462M ( … Profits were brought down collectively by a $4 million restructuring charge, which helped raise operating expenses by 2.7%, and a 36% increase in interest expenses. The following presents a detailed CoreCivic stock price history for your review. CXW stock price has been found in the range of … Returns as of 12/24/2020. The stock has a 52-week high of $24.38 and a … Stock Advisor launched in February of 2002. ET by Tomi Kilgore. Wall Street is positive on Corecivic Inc (CXW). Market data powered by FactSet and Web Financial Group. Though both GEO Group and CoreCivic initially popped after Trump was elected in 2016, the stocks have fallen in recent years, and investors are even more pessimistic about a Biden administration. CoreCivic aims to get leverage down to a more comfortable range of 2.25 to 2.75 times debt-to-EBITDA in the future. Why CoreCivic Stock Plunged at the Open on June 17 Though management reassured the market that the REIT is financially strong, they just gave dividend investors a … Approximately 3,803,178 shares traded hands during mid-day trading, an increase of 127% from the average daily volume of 1,673,103 shares. CoreCivic Inc. represents 119.63 million in outstanding shares, while the company has a total market value of $952.24 million with the latest information. The company’s stock price has collected 4.26% of gains in the last five trading sessions. The company has a debt-to-equity […] Shares of CoreCivic (NYSE: CXW) moved lower by 15.22% in the past three months. Why Philly shut down its homeless COVID hotels, and why advocates are furious A private prison company runs one of the temporary sites where residents are being relocated. I believe there are 2 bearish viewpoints that are holding CoreCivic's market price down The Financial bear - believes the stock will go down The Moral bear - agnostic to stock profitability. ET by Tomi Kilgore. On average, analysts give the stock a Strong Buy rating. MotleyFool 34d: CoreCivic, Inc. (CXW) Q2 2020 Earnings Call Transcript. However, there was one sign that the market is pricing in a Joe Biden victory. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Private Prison Stocks Were Down Sharply Today @themotleyfool #stocks $GEO $CXW, CoreCivic, Inc. (CXW) Q3 2020 Earnings Call Transcript, Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell, 3 Dividend Stocks to Buy if Donald Trump Wins the Election, The Geo Group (GEO) Q3 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. CoreCivic Inc () Stock Market info Recommendations: Buy or sell CoreCivic stock? Go to the homepage. Which brings up some even bigger news. The company traded as low as $6.45 and last traded at $6.45. Corecivic CXW 2.96% shares are trading lower on Wednesday after the company suspended its quarterly dividend and issued April and May sales guidance. I write about consumer goods, the big picture, and whatever else piques my interest. using the scroll bar or pinch and zoom on a touch screen). Wall Street is positive on Corecivic Inc (CXW). Shares of GEO Group (NYSE:GEO) and CoreCivic (NYSE:CXW), two real estate investment trust (REIT) operators of private detention centers, were down sharply. GEO Group operates a number of Immigration and Customs Enforcement (ICE) detention centers, and the Biden campaign has promised to "end prolonged detention and reinvest in a case management program," seeking a social services solution rather than a criminal justice one for certain immigration violations. Although CoreCivic took pains in the news release  to highlight that it was financially strong, management lamented the fact that its current corporate structure left it reliant on capital markets for growth funding. Press Release reported on 11/04/20 that CoreCivic Reports Third Quarter 2020 Financial Results. … CXW has gained $0.20 from the previous closing price of $8.91 on volume of 1,950,497 shares. CoreCivic, Inc. (NYSE:CXW)’s share price was down 10.4% on Tuesday . The review being undertaken by the board and management team of CoreCivic isn't inherently bad. CoreCivic stock price target raised to $28 from $22 at Canaccord Genuity. Corecivic shares were trading down 13.9% at $10.78 at time of publication on Wednesday. (RTTNews) - CoreCivic, Inc. (CXW) reported that its fourth-quarter adjusted net income decreased to $42.8 million or $0.36 per share from $48.1 million or $0.40 per share last year. In 2016, then-President Obama said the federal government would phase out the use of contracts with private prison operators like GEO Group and CoreCivic; however, that order was rescinded shortly after President Trump office. Why CoreCivic Stock Fell 14.1% in September Rich Duprey 10/2/2020. Fool since 2011.  "The final CoreCivic Inc. [NYSE: CXW] loss -1.96% on the last trading session, reaching $8.00 price per share at the time. GEO Group and CoreCivic are among two of the most politically sensitive stocks, so it's not surprising to see the stocks fall if investors are perceiving a Biden victory. So we wouldn't blame long term CoreCivic, Inc. shareholders for doubting their decision to hold, with the stock down 57% over a half decade. Why CoreCivic Stock Fell 14.1% in September Rich Duprey 10/2/2020. CoreCivic, Inc.’s EPS for the current quarter is expected to … CoreCivic, Inc. (NYSE:CXW) went down by -2.22% from its latest closing price when compared to the 1-year high value of $18.53 and move down -91.43%, while CXW stocks collected 10.76% of gains with the last five trading sessions. Wall Street Stock Market & Finance report, prediction for the future: You'll find the CoreCivic share forecasts, stock quote and buy / sell signals below.According to present data CoreCivic's CXW shares and potentially its market environment have … If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Over the past three months, shares of CoreCivic (NYSE: CXW) decreased by 14.02%. In the correctional system, however, less than 10% of state and federal inmates are … Analysts have begun to worry about a … That average ranking earns ... the stock has trended down for most of the year and currently stands 53% … It's important to remember that the outcome of the election is undetermined and control of the Senate will also influence the power of a potential Biden administration, so investors in these two stocks should keep an eye on the results as more votes are tallied. Last quarter, earnings tumbled 54%, and CoreCivic shares are down 47% in the past year. As a US$2.9b market-cap stock, it seems odd CoreCivic is not more well-covered by analysts. At this point, uncertainty is high here and it will likely be months before there's any resolution. CoreCivic (CXW +0.2%) gets a new contract under an intergovernmental agreement between the city of Cushing, OK, and the United States Marshals Service that … CoreCivic stock price target raised to $30 from $28 at Canaccord Genuity. ... 5:55p Why One Analyst Thinks Apple Stock … ... Why CoreCivic Stock Popped 10% This Morning. As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. Reuben Gregg Brewer believes dividends are a window into a company's soul. Still, investors seemed to breathe a sigh of relief that there have been no major hitches in the process thus far. Private prison giants CoreCivic and GEO Group have been abandoned by Wall Street and seen their stock prices plummet. Get the hottest stocks to trade every day before the market opens 100% free. Simply put, the company could be heading in a completely different direction once it finishes the review process it announced Wednesday. Criminal justice reform has been increasingly embraced by both parties as President Trump signed the First Step Act, which shortens mandatory sentences for nonviolent drug offenses, among other things. The stock had previously closed at $7.20. Why CoreCivic Stock Plunged at the Open on June 17 ... As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. The average price target is $15.3, which means analysts expect the stock to climb by 134.66% over the next twelve months. That makes the news of today’s stock decline all the more impressive, with GEO Group and CoreCivic down 54% and 59% respectively since their highest points in 2017. Corecivic Inc (CXW) stock has gained 2.24% while the S&P 500 is down -0.01% as of 1:08 PM on Tuesday, Aug 4. As … CoreCivic Inc. [NYSE: CXW] loss -1.96% on the last trading session, reaching $8.00 price per share at the time. Why CoreCivic Stock Plunged at the Open on June 17 ... As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. Find the latest CoreCivic, Inc. (CXW) stock quote, history, news and other vital information to help you with your stock trading and investing. Why Philly shut down its homeless COVID hotels, and why advocates are furious A private prison company runs one of the temporary sites where residents are being relocated. On average, analysts give the stock a Strong Buy rating. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Thus, not only did it suspend its dividend, but it also announced that it was reevaluating its entire corporate structure. The stock had previously closed at $7.20. Find the latest CoreCivic, Inc. (CXW) stock quote, history, news and other vital information to help you with your stock trading and investing. Jan. 19, 2017 at 10:17 a.m. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Stock Advisor launched in February of 2002. CoreCivic Q4 Adj Profit Down; Issues Q1, 2020 Outlook . Returns as of 12/24/2020. CoreCivic Inc. analyst estimates, including CXW earnings per share estimates and analyst recommendations. The plunge was company-specific and news-related, and that news has huge implications for CoreCivic's future. That's partly because of the dividend suspension, but also because the company may choose to ditch the REIT corporate structure. CoreCivic Inc. represents 119.63 million in outstanding shares, while the company has a total market value of $952.24 million with the latest information. CXW stock price has been found in the range of $7.955 to $8.3901. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why CoreCivic Stock Plunged at the Open on June 17 @themotleyfool #stocks $CXW, CoreCivic, Inc. (CXW) Q3 2020 Earnings Call Transcript, Why Private Prison Stocks Were Down Sharply Today, Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell, Why CoreCivic Stock Fell 14.1% in September, 4 Stocks to Sell if Joe Biden Becomes President, Copyright, Trademark and Patent Information. The company traded as low as $6.45 and last traded at $6.45. CoreCivic, Inc.’s EPS for the current quarter is expected to be $0.24. The first bit of bad news, which likely came as a surprise to dividend-focused investors, was that the corrections facility operator had suspended its dividend. Given that its yield had risen to roughly 14%, a payout cut had already been priced into the stock, but few investors were expecting the dividend to go all the way to zero. Over the past year the S&P 500 is up 15.80% while CXW is down -45.77%. To help provide a sense of the short to long-term trend, included is an interactive CoreCivic stock chart which you can easily adjust to the time frame of your choosing (e.g. That may explain why both stocks underperformed under Trump, but criminal justice reform is likely to accelerate under a Biden administration. CoreCivic stock price target raised to $30 from $28 at Canaccord Genuity. Although a move down in a single session, like what we’re seeing from CoreCivic, Inc. might make some investors upset, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. Why Private Prison Stocks Were Down Sharply Today Shares of GEO Group and CoreCivic dove as investors feared a Biden win in the presidential election. CoreCivic reported a 3.2% increase in sales to $1.85 billion and a 0.9% profit decline to $220 million for 2016. Approximately 3,803,178 shares traded hands during mid-day trading, an increase of 127% from the average daily volume of 1,673,103 shares. With the company's stock trading at low levels and its bonds under pressure, as well, CoreCivic noted that "capital has become increasingly expensive." Why Private Prison Stocks Were Down Sharply Today Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell Why CoreCivic Stock Fell 14.1% in September CoreCivic's stock has been languishing at low levels and its bond prices have been weak, too, so its cost of capital has been relatively high. However, anyone who looked at the stock as an income vehicle is going to have to reevaluate that view. CoreCivic Inc. (NYSE:CXW) went down by -7.68% from its latest closing price compared to the recent 1-year high of $17.90. As of 11:55 a.m. EST, GEO Group shares had given up 12.6% and CoreCivic was down 16.8%. Of the remaining, none recommended CXW as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. The average price target is $15.3, which means analysts expect the stock to climb by 134.66% over the next … RTTNews . That's inherent to the REIT model, which requires at least 90% of taxable income to be pushed through to investors. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. In fact, it might be in the best interests of both the company and its long-term investors. Two of the biggest companies, CoreCivic and The GEO Group, are publicly traded. Before we understand the importance of debt, let us look at how much debt CoreCivic has.CoreCivic… Wall Street Stock Market & Finance report, prediction for the future: You'll find the CoreCivic share forecasts, stock quote and buy / sell signals below.According to present data CoreCivic's CXW shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Jan. 19, 2017 at 10:17 a.m. Biden also seeks to reduce the number of Americans that are incarcerated, which is problematic for GEO and CoreCivic, both of which operate a number of conventional correctional facilities. It was a bizarre day on the market as stocks broadly ripped higher even as the result that many had feared, an uncertain outcome in the presidential election, was the reality. ... the stock has trended down for most of the year and currently stands 53% below where it began 2020. CoreCivic, Inc. (NYSE:CXW)’s share price was down 10.4% on Tuesday . He tries to invest in good souls. 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