Noble Financial analyst Joe Gomes maintained a Buy rating on Geo Group (GEO – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $8.21.
Gomes covers the Services sector, focusing on stocks such as Geo Group, Fat Brands, and RCI Hospitality Holdings. According to TipRanks, Gomes has an average return of 2.9% and a 39.37% success rate on recommended stocks.
Geo Group has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
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GEO market cap is currently $1.02B and has a P/E ratio of 15.53.
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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.
