Deutsche Bank Initiates Coverage On The GEO Group Inc to Hold with Price Target $47

Deutsche Bank Initiates Coverage On The GEO Group Inc(GEO). In a research note issued to the investors, the brokerage major Announces the price-target to $47 per share. The shares have been rated Hold. The rating by the stock financial advisor at Deutsche Bank was issued on Feb 22, 2017 in a research report to their Investors and Clients.

The GEO Group Inc (GEO) made into the market gainers list on Wednesdays trading session with the shares advancing 3.44% or 1.59 points. Due to strong positive momentum, the stock ended at $47.75, which is also near the day’s high of $47.87. The stock began the session at $47.43 and the volume stood at 11,70,914 shares. The 52-week high of the shares is $47.87 and the 52 week low is $16.26. The company has a current market capitalization of $3,582 M and it has 7,50,13,069 shares in outstanding.

The GEO Group Inc(GEO) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $566.579M. Analysts had an estimated revenue of $556.580M. Earnings per share were $0.83. Analysts had estimated an EPS of $0.55.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Ronald A. Brack (VP, CAO and Controller) sold 17,340 shares at $34.96 per share price.Also, On Dec 9, 2016, Christopher C. Wheeler (director) sold 1,000 shares at $34.00 per share price.On Sep 6, 2016, Ann M Schlarb (SVP,GEO & Pres.GEO Care) purchased 1,500 shares at $19.51 per share price, according to the Form-4 filing with the securities and exchange commission.

The GEO Group Inc. is a real estate investment trust (REIT) which specializes in the ownership leasing and management of correctional detention and re-entry facilities and the provision of community-based services and youth services in the United States Australia South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.

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