In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Geo Group (GEO – Research Report), with a price target of $15.00. The company’s shares closed last Thursday at $7.56.
According to TipRanks.com, Gomes is a 5-star analyst with an average return of 19.2% and a 47.2% success rate. Gomes covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Voyager Digital (Canada), and One Stop Systems.
Geo Group has an analyst consensus of Moderate Buy, with a price target consensus of $12.25.
Geo Group’s market cap is currently $926.4M and has a P/E ratio of 7.80. The company has a Price to Book ratio of 10.92.
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The GEO Group, Inc. is a real estate investment trust, which specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. It operates through the following segments: U.S. Corrections and Detention; GEO Care; International Services; and Facility Construction and Design. The U.S. Corrections and Detention segment encompasses United States based public-private partnership corrections and detention business. The GEO Care segment consists of community-based services business, youth services business, and electronic monitoring and supervision service. The International Services segment includes detention operations in South Africa, Australia, and the United Kingdom. The Facility Construction and Design segment contracts with states, local, federal agencies, and international agencies for the design and construction of buildings. The company was founded by George C. Zoley in 1984 and is headquartered in Boca Raton, FL.
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