A share price of CoreCivic Inc [CXW] is currently trading at $15.68, up 6.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CXW shares have gain 6.23% over the last week, with a monthly amount glided 9.96%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, CoreCivic to Redeem 8.250% Senior Notes Due 2026. In a post published today on Yahoo Finance, CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it is delivering an irrevocable notice to the holders of all of CoreCivic’s previously issued $675,000,000 original aggregate principal amount of 8.250% senior unsecured notes due 2026 (the “2026 Notes”) that CoreCivic has elected to redeem in full the 2026 Notes that remain outstanding on April 15, 2024 (the “Redemption Date”). The 2026 Notes were otherwise scheduled to mature on April 15, 2026. The 2026 Notes will be redeemed at a redemption price equal to 104.125% of the principal amount of the then outstanding 2026 Notes, plus accrued and unpaid interest on such 2026 Notes to, but not including, the Redemption Date (the “Redemption Price”). As of March 15, 2024, the principal amount of the outstanding 2024 Notes was $98,774,000. CoreCivic intends to use a combination of cash on hand and available capacity under its revolving credit facility to fund the Redemption Price.
From an analyst’s perspective:
CoreCivic Inc [NYSE: CXW] stock has seen the most recent analyst activity on October 19, 2023, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $16. Previously, Wedbush upgraded its rating to Outperform on April 14, 2022, and kept the price target unchanged to $17. On June 18, 2021, Wedbush initiated with a Neutral rating and assigned a price target of $10.85 on the stock. Noble Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $20 on March 16, 2020. Canaccord Genuity reiterated its recommendation of a Buy and raised its price target to $34 on February 10, 2017. Canaccord Genuity upgraded its rating to Buy for this stock on December 12, 2016, and upped its price target to $28. In a note dated November 11, 2016, Canaccord Genuity reiterated an Hold rating on this stock and boosted its target price from $17 to $22.
CoreCivic Inc experienced fluctuations in its stock price throughout the past year between $7.84 and $15.38. CoreCivic Inc [NYSE: CXW] shares were valued at $15.68 at the most recent close of the market.
Analyzing the CXW fundamentals
Trailing Twelve Months sales for CoreCivic Inc [NYSE:CXW] were 1.90B which represents 4.20% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.00 points at the first support level, and at 14.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.03, and for the 2nd resistance point, it is at 16.39.
CoreCivic Inc [CXW] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.05 and a surprise factor of 27.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.13 per share, a difference of -$0.01 representing a surprise of -7.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CoreCivic Inc [NYSE:CXW] is 1.60. In addition, the Quick Ratio stands at 1.60 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 26.59.
Transactions by insiders
Recent insider trading involved Swindle, Patrick D., Chief Operating Officer, that happened on Mar 14 ’24 when 15000.0 shares were sold. President & CEO, Hininger Damon T completed a deal on Mar 08 ’24 to sell 50525.0 shares. Meanwhile, EVP, Chief Development Officer Grande Anthony L sold 15000.0 shares on Feb 26 ’24.
