Should I buy or sell CoreCivic stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CXW shares. View CXW analyst ratings or view top-rated stocks .

What is CoreCivic's stock price target for 2024?

2 equities research analysts have issued 1 year price targets for CoreCivic's stock. Their CXW share price targets range from $19.00 to $19.00. On average, they anticipate the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price. View analysts price targets for CXW or view top-rated stocks among Wall Street analysts .

How have CXW shares performed in 2024?

CoreCivic's stock was trading at $14.53 at the start of the year. Since then, CXW stock has increased by 4.1% and is now trading at $15.13. View the best growth stocks for 2024 here .

Are investors shorting CoreCivic?

CoreCivic saw a drop in short interest in March. As of March 31st, there was short interest totaling 4,040,000 shares, a drop of 12.7% from the March 15th total of 4,630,000 shares. Based on an average trading volume of 960,100 shares, the short-interest ratio is currently 4.2 days. Approximately 3.7% of the company's shares are sold short. View CoreCivic's Short Interest .

When is CoreCivic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our CXW earnings forecast .

How can I listen to CoreCivic's earnings call?

CoreCivic will be holding an earnings conference call on Thursday, May 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were CoreCivic's earnings last quarter?

CoreCivic, Inc. (NYSE:CXW) released its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.17. The real estate investment trust had revenue of $491.25 million for the quarter, compared to the consensus estimate of $489.62 million. CoreCivic had a trailing twelve-month return on equity of 4.70% and a net margin of 3.56%.

What ETFs hold CoreCivic's stock?

ETFs with the largest weight of CoreCivic (NYSE:CXW) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) and iShares US Small Cap Value Factor ETF (SVAL) . ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) .

What guidance has CoreCivic issued on next quarter's earnings?

CoreCivic issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 1.460-1.610 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of -.

What is Damon T. Hininger's approval rating as CoreCivic's CEO?

118 employees have rated CoreCivic Chief Executive Officer Damon T. Hininger on Glassdoor.com . Damon T. Hininger has an approval rating of 68% among the company's employees.

What other stocks do shareholders of CoreCivic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CoreCivic investors own include The GEO Group (GEO) , Enterprise Products Partners (EPD) , Annaly Capital Management (NLY) , AT&T (T) , Energy Transfer (ET) , Ares Capital (ARCC) , New Residential Investment (NRZ) , AGNC Investment (AGNC) , Iron Mountain (IRM) and Medical Properties Trust (MPW) .

Who are CoreCivic's major shareholders?

CoreCivic's stock is owned by a number of institutional and retail investors. Top institutional investors include Versant Capital Management Inc (0.08%). Insiders that own company stock include Anthony L Grande, Cole G Carter, Damon T Hininger, David Garfinkle, Harley G Lappin, John R Prann Jr, Lucibeth Mayberry, Mark A Emkes, Patrick D Swindle, Randall J Hogan and Thurgood Marshall Jr. View institutional ownership trends .

How do I buy shares of CoreCivic?

Shares of CXW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does CoreCivic have any subsidiaries?

The following companies are subsidiares of CoreCivic: ACS Corrections of Texas L.L.C., Avalon Corpus Christi Transitional Center LLC, Avalon Correctional Services, Avalon Correctional Services Inc., Avalon Transitional Center Dallas LLC, Avalon Tulsa L.L.C., CCA (UK) Ltd., CCA Health Services LLC, CCA International LLC, CCA South Texas LLC, Carver Transitional Center L.L.C., Center Point Inc., CoreCivic Government Solutions LLC, CoreCivic LLC, CoreCivic TRS LLC, CoreCivic of Kansas Holdings LLC, CoreCivic of Kansas LLC, CoreCivic of Tallahassee LLC, CoreCivic of Tennessee LLC, Correctional Alternatives LLC, Correctional Management, Correctional Management Inc., EP Horizon Management LLC, Fort Worth Transitional Center L.L.C., Green Level Realty LLC, National Offender Management Systems LLC, Prison Realty Management LLC, Recovery Monitoring Solutions Corporation, Rocky Mountain Offender Management Systems LLC, Southern Corrections System of Wyoming L.L.C., Technical and Business Institute of America LLC, Time To Change Inc., Time to Change Inc., TransCor America LLC, TransCor Puerto Rico Inc., and Turley Residential Center L.L.C.. Read More

NYSE:CXW

CoreCivic (CXW) Stock Price, News & Analysis

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$15.11

-0.09 (-0.59%)

(As of 10:26 AM ET)

Compare

Today's Range: $15.04
▼
$15.17
50-Day Range: $14.11
▼
$16.12
52-Week Range: $7.84
▼
$16.24

Volume: 45,344 shs
Average Volume: 919,526 shs
Market Capitalization: $1.69 billion

P/E Ratio: 25.61
Dividend Yield: N/A
Price Target: $19.00

Get CoreCivic alerts:

CoreCivic MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 25.6% Upside
$19.00 Price Target
Short Interest: Healthy
3.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.80
Based on 14 Articles This Week
Insider Trading: Selling Shares
$956,176 Sold Last Quarter
Proj. Earnings Growth: 32.06%
From $1.31 to $1.73 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.23 out of 5 stars

Finance Sector

418th out of 878 stocks

Real Estate Investment Trusts Industry

81st out of 184 stocks

3.5

Analyst's Opinion

Consensus Rating
CoreCivic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
CoreCivic has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.67% of the float of CoreCivic has been sold short.
Short Interest Ratio / Days to Cover
CoreCivic has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in CoreCivic has recently decreased by 12.74%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CoreCivic does not currently pay a dividend.
Dividend Growth
CoreCivic does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CXW.

3.2

News and Social Media Coverage

News Sentiment
CoreCivic has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for CoreCivic this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for CXW on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
4 people have added CoreCivic to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoreCivic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $956,176.00 in company stock.
Percentage Held by Insiders
Only 2.21% of the stock of CoreCivic is held by insiders.
Percentage Held by Institutions
85.13% of the stock of CoreCivic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CoreCivic are expected to grow by 32.06% in the coming year, from $1.31 to $1.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoreCivic is 25.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoreCivic is 25.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.57.
Price to Book Value per Share Ratio
CoreCivic has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CoreCivic Stock (NYSE:CXW)

CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. The company owns and operates correctional and detention facilities, residential reentry centers, and properties for lease. CoreCivic, Inc. was founded in 1983 and is based in Brentwood, Tennessee.

CXW Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CXW Stock News Headlines

April 12, 2024 | americanbankingnews.com

Wedbush Comments on CoreCivic, Inc.'s Q2 2024 Earnings (NYSE:CXW)

April 11, 2024 | americanbankingnews.com

Brokers Issue Forecasts for CoreCivic, Inc.'s Q3 2024 Earnings (NYSE:CXW)

April 16, 2024 | InvestorPlace (Ad)

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April 10, 2024 | americanbankingnews.com

CoreCivic (NYSE:CXW) Reaches New 1-Year High After Analyst Upgrade

April 9, 2024 | americanbankingnews.com

CoreCivic (NYSE:CXW) Price Target Raised to $19.00 at Wedbush

April 8, 2024 | globenewswire.com

CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call Dates

April 8, 2024 | markets.businessinsider.com

Where CoreCivic Stands With Analysts

April 7, 2024 | nasdaq.com

Notable Friday Option Activity: ALB, CXW, VZ

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 6, 2024 | finance.yahoo.com

CoreCivic, Inc. (NYSE:CXW) is a favorite amongst institutional investors who own 87%

March 21, 2024 | investorplace.com

7 Stocks to Own in the Run-Up to the Presidential Election

March 20, 2024 | finance.yahoo.com

An Intrinsic Calculation For CoreCivic, Inc. (NYSE:CXW) Suggests It's 22% Undervalued

March 17, 2024 | investing.com

CoreCivic to redeem senior unsecured notes due 2026

March 17, 2024 | uk.investing.com

CoreCivic COO sells shares worth over $218k

March 16, 2024 | finance.yahoo.com

CXW Apr 2024 16.000 call

March 16, 2024 | finance.yahoo.com

CXW Apr 2024 13.000 put

March 15, 2024 | finance.yahoo.com

CoreCivic Inc (CXW) COO Patrick Swindle Sells 15,000 Shares

March 15, 2024 | globenewswire.com

CoreCivic to Redeem 8.250% Senior Notes Due 2026

March 15, 2024 | ca.finance.yahoo.com

CXW Jan 2025 12.000 call

March 12, 2024 | theglobeandmail.com

Following Republicans’ Missed Opportunities, Be Cautious About ‘Trump Stocks’

March 12, 2024 | globenewswire.com

CoreCivic Announces Closing of Offering of $500 Million of 8.250% Senior Notes Due 2029 and Expiration and Results of Tender Offer for 2026 Notes

March 12, 2024 | finance.yahoo.com

CoreCivic Inc (CXW) President & CEO Damon Hininger Sells 50,525 Shares

March 11, 2024 | msn.com

Republicans Fumbled the Ball. Now, CoreCivic Stock (NYSE:CXW) May Face Problems

March 7, 2024 | investing.com

CoreCivic upsizes senior notes offering to $500 million

March 7, 2024 | globenewswire.com

CoreCivic Appoints Catherine Hernandez-Blades and Alexander R. Fischer to its Board of Directors; CoreCivic Also Announces Planned Retirement of Long-Term Board Member Donna Alvarado

March 6, 2024 | finance.yahoo.com

CXW: Capital Measures Align With Financial, Operating Optimization Strategy, Extend Debt Maturities

March 5, 2024 | globenewswire.com

CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Current Symbol: NYSE:CXW
CUSIP: 22025Y40
CIK: 1070985
Web: www.corecivic.com
Phone: (615) 263-3000
Fax: 615-263-3140
Employees: 11,194
Year Founded: 1983

Price Target and Rating

Average Stock Price Target: $19.00
High Stock Price Target: $19.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +25.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.59
Trailing P/E Ratio: 25.76
Forward P/E Ratio: 11.60
P/E Growth: N/A
Net Income: $67.59 million
Net Margins: 3.56%
Pretax Margin: 5.05%
Return on Equity: 4.70%
Return on Assets: 2.22%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 1.60
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $1.90 billion
Price / Sales: 0.89
Cash Flow: $1.76 per share
Price / Cash Flow: 8.64
Book Value: $13.01 per share
Price / Book: 1.17

Miscellaneous

Outstanding Shares: 111,630,000
Free Float: 109,166,000
Market Cap: $1.70 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Damon T. Hininger (Age 54)
President, CEO & Director
Comp: $2.99M
Mr. David M. Garfinkle (Age 56)
Executive VP & CFO
Comp: $1.39M
Mr. Patrick Swindle (Age 49)
Executive VP & COO
Comp: $1.31M
Mr. Anthony L. Grande (Age 54)
Executive VP & Chief Development Officer
Comp: $1.42M
Ms. Lucibeth N. Mayberry J.D. (Age 52)
Executive VP & Chief Innovation Officer
Comp: $1.27M
Mr. Harley G. Lappin III (Age 68)
Director
Comp: $80k
Mr. Michael Grant
Managing Director of Investor Relations
Mr. Cole G. Carter J.D. (Age 55)
Executive VP, General Counsel & Secretary
Mr. Scott Craddock
VP & Chief Ethics and Compliance Officer
Mr. Steve Owen M.B.A.
Vice President of Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CXW Stock Analysis - Frequently Asked Questions

Should I buy or sell CoreCivic stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoreCivic in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CXW shares.
View CXW analyst ratings or view top-rated stocks.
What is CoreCivic's stock price target for 2024?: 2 equities research analysts have issued 1 year price targets for CoreCivic's stock. Their CXW share price targets range from $19.00 to $19.00. On average, they anticipate the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price.
View analysts price targets for CXW or view top-rated stocks among Wall Street analysts.
How have CXW shares performed in 2024?: CoreCivic's stock was trading at $14.53 at the start of the year. Since then, CXW stock has increased by 4.1% and is now trading at $15.13.
View the best growth stocks for 2024 here.
Are investors shorting CoreCivic?: CoreCivic saw a drop in short interest in March. As of March 31st, there was short interest totaling 4,040,000 shares, a drop of 12.7% from the March 15th total of 4,630,000 shares. Based on an average trading volume of 960,100 shares, the short-interest ratio is currently 4.2 days. Approximately 3.7% of the company's shares are sold short.
View CoreCivic's Short Interest.
When is CoreCivic's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CXW earnings forecast.
How can I listen to CoreCivic's earnings call?: CoreCivic will be holding an earnings conference call on Thursday, May 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were CoreCivic's earnings last quarter?: CoreCivic, Inc. (NYSE:CXW) released its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.17. The real estate investment trust had revenue of $491.25 million for the quarter, compared to the consensus estimate of $489.62 million. CoreCivic had a trailing twelve-month return on equity of 4.70% and a net margin of 3.56%.
What ETFs hold CoreCivic's stock?: ETFs with the largest weight of CoreCivic (NYSE:CXW) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) and iShares US Small Cap Value Factor ETF (SVAL).ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).

What guidance has CoreCivic issued on next quarter's earnings?: CoreCivic issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 1.460-1.610 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of -.
What is Damon T. Hininger's approval rating as CoreCivic's CEO?: 118 employees have rated CoreCivic Chief Executive Officer Damon T. Hininger on Glassdoor.com. Damon T. Hininger has an approval rating of 68% among the company's employees.
What other stocks do shareholders of CoreCivic own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CoreCivic investors own include The GEO Group (GEO), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), AT&T (T), Energy Transfer (ET), Ares Capital (ARCC), New Residential Investment (NRZ), AGNC Investment (AGNC), Iron Mountain (IRM) and Medical Properties Trust (MPW).
Who are CoreCivic's major shareholders?: CoreCivic's stock is owned by a number of institutional and retail investors. Top institutional investors include Versant Capital Management Inc (0.08%). Insiders that own company stock include Anthony L Grande, Cole G Carter, Damon T Hininger, David Garfinkle, Harley G Lappin, John R Prann Jr, Lucibeth Mayberry, Mark A Emkes, Patrick D Swindle, Randall J Hogan and Thurgood Marshall Jr.
View institutional ownership trends.
How do I buy shares of CoreCivic?: Shares of CXW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does CoreCivic have any subsidiaries?: The following companies are subsidiares of CoreCivic: ACS Corrections of Texas L.L.C., Avalon Corpus Christi Transitional Center LLC, Avalon Correctional Services, Avalon Correctional Services Inc., Avalon Transitional Center Dallas LLC, Avalon Tulsa L.L.C., CCA (UK) Ltd., CCA Health Services LLC, CCA International LLC, CCA South Texas LLC, Carver Transitional Center L.L.C., Center Point Inc., CoreCivic Government Solutions LLC, CoreCivic LLC, CoreCivic TRS LLC, CoreCivic of Kansas Holdings LLC, CoreCivic of Kansas LLC, CoreCivic of Tallahassee LLC, CoreCivic of Tennessee LLC, Correctional Alternatives LLC, Correctional Management, Correctional Management Inc., EP Horizon Management LLC, Fort Worth Transitional Center L.L.C., Green Level Realty LLC, National Offender Management Systems LLC, Prison Realty Management LLC, Recovery Monitoring Solutions Corporation, Rocky Mountain Offender Management Systems LLC, Southern Corrections System of Wyoming L.L.C., Technical and Business Institute of America LLC, Time To Change Inc., Time to Change Inc., TransCor America LLC, TransCor Puerto Rico Inc., and Turley Residential Center L.L.C..
Read More

This page (NYSE:CXW) was last updated on 4/16/2024 by MarketBeat.com Staff

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