Noble Financial analyst Joe Gomes maintained a Buy rating on CoreCivic (NYSE:CXW) Inc on Thursday, setting a price target of $15, which is approximately 43.27% above the present share price of $10.47.
Gomes expects CoreCivic Inc to post earnings per share (EPS) of -$1.05 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in CoreCivic, with an average price target of $12.93.
The analysts price targets range from a high of $15 to a low of $10.85.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $454.72 million and a net profit of $59.59 million. The company's market cap is $1.26 billion.
According to TipRanks.com, Noble Financial analyst Joe Gomes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 35.2% and a 64.20% success rate.
CoreCivic, Inc. operates as a government solutions company, which engages in the development and management of prisons and other correctional facilities. It operates through the following segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties segments. The CoreCivic Safety segment consists of correctional and detention facilities. It provides transportation services to government agencies and TransCoR. The CoreCivic Community segment offers residential reentry centers and gives electronic monitoring case management services. The CoreCivic Properties segment comprises of real estate properties owned by the company that are leased to government agencies. The company was founded by Thomas W. Beasley, T. Don Hutto, and Robert Crants on January 28, 1983 and is headquartered in Brentwood, TN.