Noble Financial Remains a Buy on CoreCivic (CXW)
Noble Financial analyst Joe Gomes maintained a Buy rating on CoreCivic today and set a price target of $28.00.
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According to TipRanks, Gomes is a 4-star analyst with an average return of 3.6% and a 44.24% success rate. Gomes covers the Industrials sector, focusing on stocks such as Geo Group, Great Lakes Dredge & Dock, and V2X.
In a report released on February 12, JonesTrading also reiterated a Buy rating on the stock with a $30.00 price target.
Based on CoreCivic’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $603.95 million and a net profit of $26.54 million. In comparison, last year the company earned a revenue of $479.29 million and had a net profit of $19.28 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CXW in relation to earlier this year. Last month, John Prann, a Director at CXW sold 8,000.00 shares for a total of $180,160.00.
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