Where CoreCivic Stands With Analysts
Portfolio Pulse from Benzinga Insights
CoreCivic (NYSE:CXW) has received mixed analyst ratings in the latest quarter, with 4 analysts offering somewhat bullish perspectives. The average 12-month price target for CXW has been raised to $18.5, indicating a 6.75% increase from the previous target of $17.33. Analysts from Wedbush and Northland Capital Markets have raised their price targets, reflecting optimism about the company's performance. Despite positive revenue growth of 4.2% as of December 31, 2023, CoreCivic's financial indicators such as net margin, ROE, and ROA remain below industry averages, suggesting challenges in profitability and asset utilization.
April 08, 2024 | 4:01 pm
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POSITIVE IMPACT
CoreCivic has seen a positive shift in analyst sentiment with an updated average 12-month price target of $18.5, reflecting a 6.75% increase. However, financial challenges persist as indicated by below-average performance metrics.
The increase in the average price target by analysts suggests a positive short-term outlook for CoreCivic's stock. However, the company's below-average financial performance metrics, such as net margin, ROE, and ROA, may temper investor enthusiasm. The mixed analyst ratings and the cautious optimism reflected in the price target adjustments indicate a nuanced view of CoreCivic's potential for growth against the backdrop of operational challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100