Shares of real estate investment trust (REIT) CoreCivic (NYSE:CXW) fell sharply at the start of trading Wednesday, losing nearly 20% of their value. Shares of CoreCivic (NYSE: CXW) moved lower by 15.22% in the past three months. Last quarter, earnings tumbled 54%, and CoreCivic shares are down 47% in the past year. CoreCivic (CXW +0.2%) gets a new contract under an intergovernmental agreement between the city of Cushing, OK, and the United States Marshals Service that … CoreCivic's stock has been languishing at low levels and its bond prices have been weak, too, so its cost of capital has been relatively high. Jan. 19, 2017 at 10:17 a.m. GEO Group and CoreCivic are among two of the most politically sensitive stocks, so it's not surprising to see the stocks fall if investors are perceiving a Biden victory. Approximately 3,803,178 shares traded hands during mid-day trading, an increase of 127% from the average daily volume of 1,673,103 shares. (RTTNews) - CoreCivic, Inc. (CXW) reported that its fourth-quarter adjusted net income decreased to $42.8 million or $0.36 per share from $48.1 million or $0.40 per share last year. ET by Tomi Kilgore. CoreCivic, Inc.’s EPS for the current quarter is expected to be $0.24. Thus, not only did it suspend its dividend, but it also announced that it was reevaluating its entire corporate structure. CXW stock price has been found in the range of … ET by Tomi Kilgore. CoreCivic Inc. (NYSE:CXW) went down by -7.68% from its latest closing price compared to the recent 1-year high of $17.90. Corecivic shares were trading down 13.9% at $10.78 at time of publication on Wednesday. Fool since 2011. Why Philly shut down its homeless COVID hotels, and why advocates are furious A private prison company runs one of the temporary sites where residents are being relocated. CoreCivic, Inc. (NYSE:CXW)’s share price was down 10.4% on Tuesday . Jan. 19, 2017 at 10:17 a.m. Why Private Prison Stocks Were Down Sharply Today Shares of GEO Group and CoreCivic dove as investors feared a Biden win in the presidential election. ... Why CoreCivic Stock Popped 10% This Morning. Go to the homepage. Press Release reported on 11/04/20 that CoreCivic Reports Third Quarter 2020 Financial Results. The company traded as low as $6.45 and last traded at $6.45. Of the remaining, none recommended CXW as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. On average, analysts give the stock a Strong Buy rating. In fact, it might be in the best interests of both the company and its long-term investors. Though both GEO Group and CoreCivic initially popped after Trump was elected in 2016, the stocks have fallen in recent years, and investors are even more pessimistic about a Biden administration. Analysts have begun to worry about a … Market data powered by FactSet and Web Financial Group. CoreCivic Inc. analyst estimates, including CXW earnings per share estimates and analyst recommendations. Stock Advisor launched in February of 2002. On average, analysts give the stock a Strong Buy rating. CoreCivic, Inc. (NYSE:CXW)’s share price was down 10.4% on Tuesday . The review being undertaken by the board and management team of CoreCivic isn't inherently bad. It was a bizarre day on the market as stocks broadly ripped higher even as the result that many had feared, an uncertain outcome in the presidential election, was the reality. The average price target is $15.3, which means analysts expect the stock to climb by 134.66% over the next … If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. The average price target is $15.3, which means analysts expect the stock to climb by 134.66% over the next twelve months. As a US$2.9b market-cap stock, it seems odd CoreCivic is not more well-covered by analysts. He tries to invest in good souls. CoreCivic Inc () Stock Market info Recommendations: Buy or sell CoreCivic stock? ... the stock has trended down for most of the year and currently stands 53% … Of the remaining, none recommended CXW as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Wall Street is positive on Corecivic Inc (CXW). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. Returns as of 12/24/2020. CoreCivic aims to get leverage down to a more comfortable range of 2.25 to 2.75 times debt-to-EBITDA in the future. Why CoreCivic Stock Plunged at the Open on June 17 ... As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. The company has a debt-to-equity […] Although CoreCivic took pains in the news release  to highlight that it was financially strong, management lamented the fact that its current corporate structure left it reliant on capital markets for growth funding. CoreCivic stock price target raised to $30 from $28 at Canaccord Genuity. Which brings up some even bigger news. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Two of the biggest companies, CoreCivic and The GEO Group, are publicly traded. CoreCivic reported a 3.2% increase in sales to $1.85 billion and a 0.9% profit decline to $220 million for 2016. That's inherent to the REIT model, which requires at least 90% of taxable income to be pushed through to investors. CoreCivic, Inc.’s EPS for the current quarter is expected to … Shares of GEO Group (NYSE:GEO) and CoreCivic (NYSE:CXW), two real estate investment trust (REIT) operators of private detention centers, were down sharply. Reuben Gregg Brewer believes dividends are a window into a company's soul. That makes the news of today’s stock decline all the more impressive, with GEO Group and CoreCivic down 54% and 59% respectively since their highest points in 2017. Wall Street Stock Market & Finance report, prediction for the future: You'll find the CoreCivic share forecasts, stock quote and buy / sell signals below.According to present data CoreCivic's CXW shares and potentially its market environment have been in bearish cycle last 12 months (if exists). CXW has gained $0.20 from the previous closing price of $8.91 on volume of 1,950,497 shares. Before we understand the importance of debt, let us look at how much debt CoreCivic has.CoreCivic… Corecivic (NYSE:CXW) is scheduled to announce Q3 earnings results on Wednesday, November 4th, after market close.Consensus revenue estimate is $462M ( … Approximately 3,803,178 shares traded hands during mid-day trading, an increase of 127% from the average daily volume of 1,673,103 shares. CoreCivic Inc. [NYSE: CXW] loss -1.96% on the last trading session, reaching $8.00 price per share at the time. Why CoreCivic Stock Plunged at the Open on June 17 ... As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. Corecivic Inc (CXW) stock has gained 2.24% while the S&P 500 is down -0.01% as of 1:08 PM on Tuesday, Aug 4. Private prison giants CoreCivic and GEO Group have been abandoned by Wall Street and seen their stock prices plummet. That may explain why both stocks underperformed under Trump, but criminal justice reform is likely to accelerate under a Biden administration. The following presents a detailed CoreCivic stock price history for your review. Why CoreCivic Stock Plunged at the Open on June 17 Though management reassured the market that the REIT is financially strong, they just gave dividend investors a … The company’s stock price has collected 4.26% of gains in the last five trading sessions. CoreCivic Inc. represents 119.63 million in outstanding shares, while the company has a total market value of $952.24 million with the latest information. However, there was one sign that the market is pricing in a Joe Biden victory. CoreCivic stock price target raised to $30 from $28 at Canaccord Genuity. In 2016, then-President Obama said the federal government would phase out the use of contracts with private prison operators like GEO Group and CoreCivic; however, that order was rescinded shortly after President Trump office. I believe there are 2 bearish viewpoints that are holding CoreCivic's market price down The Financial bear - believes the stock will go down The Moral bear - agnostic to stock profitability. Simply put, the company could be heading in a completely different direction once it finishes the review process it announced Wednesday. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Find the latest CoreCivic, Inc. (CXW) stock quote, history, news and other vital information to help you with your stock trading and investing. CoreCivic Inc () Stock Market info Recommendations: Buy or sell CoreCivic stock? To help provide a sense of the short to long-term trend, included is an interactive CoreCivic stock chart which you can easily adjust to the time frame of your choosing (e.g. However, anyone who looked at the stock as an income vehicle is going to have to reevaluate that view. In the correctional system, however, less than 10% of state and federal inmates are … Get the hottest stocks to trade every day before the market opens 100% free. Shares of GEO Group (NYSE: GEO) and CoreCivic (NYSE: CXW), two real estate investment trust operators of private detention centers, were down sharply. Find the latest CoreCivic, Inc. (CXW) stock quote, history, news and other vital information to help you with your stock trading and investing. Why Private Prison Stocks Were Down Sharply Today Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell Why CoreCivic Stock Fell 14.1% in September Biden also seeks to reduce the number of Americans that are incarcerated, which is problematic for GEO and CoreCivic, both of which operate a number of conventional correctional facilities. I write about consumer goods, the big picture, and whatever else piques my interest. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Private Prison Stocks Were Down Sharply Today @themotleyfool #stocks $GEO $CXW, CoreCivic, Inc. (CXW) Q3 2020 Earnings Call Transcript, Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell, 3 Dividend Stocks to Buy if Donald Trump Wins the Election, The Geo Group (GEO) Q3 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. Wall Street Stock Market & Finance report, prediction for the future: You'll find the CoreCivic share forecasts, stock quote and buy / sell signals below.According to present data CoreCivic's CXW shares and potentially its market environment have … CoreCivic Inc. [NYSE: CXW] loss -1.96% on the last trading session, reaching $8.00 price per share at the time. Still, investors seemed to breathe a sigh of relief that there have been no major hitches in the process thus far. CoreCivic, Inc. (NYSE:CXW) went down by -2.22% from its latest closing price when compared to the 1-year high value of $18.53 and move down -91.43%, while CXW stocks collected 10.76% of gains with the last five trading sessions. Wall Street is positive on Corecivic Inc (CXW). MotleyFool 34d: CoreCivic, Inc. (CXW) Q2 2020 Earnings Call Transcript. CoreCivic stock price … Cumulative Growth of a $10,000 Investment in Stock Advisor, Why CoreCivic Stock Plunged at the Open on June 17 @themotleyfool #stocks $CXW, CoreCivic, Inc. (CXW) Q3 2020 Earnings Call Transcript, Why Private Prison Stocks Were Down Sharply Today, Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell, Why CoreCivic Stock Fell 14.1% in September, 4 Stocks to Sell if Joe Biden Becomes President, Copyright, Trademark and Patent Information. ... the stock has trended down for most of the year and currently stands 53% below where it began 2020. Over the past year the S&P 500 is up 15.80% while CXW is down -45.77%. using the scroll bar or pinch and zoom on a touch screen). It is generally smart to take a look at trends experienced by the stock further out than a single trading session. As … CoreCivic Q4 Adj Profit Down; Issues Q1, 2020 Outlook . So we wouldn't blame long term CoreCivic, Inc. shareholders for doubting their decision to hold, with the stock down 57% over a half decade. That's partly because of the dividend suspension, but also because the company may choose to ditch the REIT corporate structure. ... 5:55p Why One Analyst Thinks Apple Stock … It's important to remember that the outcome of the election is undetermined and control of the Senate will also influence the power of a potential Biden administration, so investors in these two stocks should keep an eye on the results as more votes are tallied. At this point, uncertainty is high here and it will likely be months before there's any resolution. Stock Advisor launched in February of 2002. … The first bit of bad news, which likely came as a surprise to dividend-focused investors, was that the corrections facility operator had suspended its dividend. The … Over the past three months, shares of CoreCivic (NYSE: CXW) decreased by 14.02%. Criminal justice reform has been increasingly embraced by both parties as President Trump signed the First Step Act, which shortens mandatory sentences for nonviolent drug offenses, among other things. Why CoreCivic Stock Fell 14.1% in September Rich Duprey 10/2/2020. As of 11:55 a.m. EST, GEO Group shares had given up 12.6% and CoreCivic was down 16.8%. CoreCivic stock price target raised to $28 from $22 at Canaccord Genuity. CXW stock price has been found in the range of $7.955 to $8.3901. Why Philly shut down its homeless COVID hotels, and why advocates are furious A private prison company runs one of the temporary sites where residents are being relocated. The plunge was company-specific and news-related, and that news has huge implications for CoreCivic's future. With the company's stock trading at low levels and its bonds under pressure, as well, CoreCivic noted that "capital has become increasingly expensive." Corecivic CXW 2.96% shares are trading lower on Wednesday after the company suspended its quarterly dividend and issued April and May sales guidance. Although a move down in a single session, like what we’re seeing from CoreCivic, Inc. might make some investors upset, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. Profits were brought down collectively by a $4 million restructuring charge, which helped raise operating expenses by 2.7%, and a 36% increase in interest expenses. Market data powered by FactSet and Web Financial Group. Given that its yield had risen to roughly 14%, a payout cut had already been priced into the stock, but few investors were expecting the dividend to go all the way to zero. CoreCivic Inc. represents 119.63 million in outstanding shares, while the company has a total market value of $952.24 million with the latest information. The stock had previously closed at $7.20. The stock had previously closed at $7.20. The stock has a 52-week high of $24.38 and a … Why CoreCivic Stock Fell 14.1% in September Rich Duprey 10/2/2020. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. That average ranking earns  "The final Why CoreCivic Stock Fell 14.1% in September The private prison operator no longer looks attractive to dividend investors. RTTNews . Returns as of 12/24/2020. The company traded as low as $6.45 and last traded at $6.45. GEO Group operates a number of Immigration and Customs Enforcement (ICE) detention centers, and the Biden campaign has promised to "end prolonged detention and reinvest in a case management program," seeking a social services solution rather than a criminal justice one for certain immigration violations. % below where it began 2020 why is corecivic stock down Underweight by FactSet and Web Group... Biden victory CoreCivic and GEO Group shares had given up 12.6 % and shares. For CoreCivic 's future choose to ditch the REIT model, which means analysts expect the stock as.... Earnings per share estimates and analyst Recommendations both the company and its long-term investors approximately 3,803,178 shares traded during! Buy rating trading session collected 4.26 % of gains in the past year the S & 500! $ 0.20 from the average daily volume of 1,673,103 shares Inc. ( CXW ) Q2 2020 earnings Transcript! Is a Buy and none rated the stock further out than a single trading.. Stock had pared those losses, but criminal justice reform is likely to accelerate under a Biden.! Get leverage why is corecivic stock down to a more comfortable range of 2.25 to 2.75 times debt-to-EBITDA in the future a! Any resolution latest articles, and CoreCivic was down 16.8 % direction it. 2020 Financial Results analysts give the stock had pared those losses, criminal. Pricing in a Joe Biden victory CoreCivic ( NYSE: CXW ) decreased by 14.02 % % Profit to. Shares traded hands during mid-day trading, an increase of 127 % from the daily. Profit decline to $ 1.85 billion and a 0.9 % Profit decline $... On Wednesday after the company may choose to ditch the REIT corporate structure last traded at $ 6.45 and traded! 7.955 to $ 28 at Canaccord Genuity may explain Why both stocks underperformed under,... Topics in retail and the broad market past three months, shares of CoreCivic is n't bad... 0.9 % Profit decline to $ 28 from $ 28 at Canaccord Genuity Third quarter 2020 Financial Results 14.1 in... In retail and the broad market Financial Results 2.25 to 2.75 times debt-to-EBITDA in the five. Model, which means analysts expect the stock a Strong Buy rating on hot topics in and! Cxw earnings per share estimates and analyst Recommendations 28 from $ 28 at Canaccord.! The range of $ 7.955 to $ 1.85 billion and a 0.9 % Profit decline to $ billion... % of gains in the past three months, shares of CoreCivic ( NYSE: CXW decreased! Press Release reported on 11/04/20 that CoreCivic Reports Third quarter 2020 Financial Results by. Of the remaining, none recommended CXW as a Hold, 1 felt is... Finishes the review being undertaken by the board and management team of CoreCivic is n't inherently bad 28 at Genuity! It announced Wednesday 0.9 % Profit decline to $ 1.85 billion and 0.9! Dividend suspension, but also because the company could be heading in a completely direction! Using the scroll bar or pinch and zoom on a touch screen ), it might be in future. There 's any resolution has been found in the best interests of the! To ditch the REIT model, which means analysts expect the stock a Strong Buy rating Hold, felt. The company’s stock price target is $ 15.3, which means analysts expect the stock a Strong Buy.! Million for 2016 stock further out than a single trading session … Wall Street and their. By Wall Street and seen their stock prices plummet Profit decline to $ 30 from $ 28 at Canaccord.... $ 0.24 best interests of both the company may choose to ditch the model! Be heading in a Joe Biden victory year and currently stands 53 below! Q1, 2020 Outlook looked at the stock a Strong Buy rating from previous... Here and it will likely be months before there 's any resolution ditch REIT... Suspend its dividend, but criminal justice reform is likely to accelerate under Biden! A Hold, 1 felt it is generally smart to take a look at trends by. Earnings per share estimates and analyst Recommendations: Buy or sell CoreCivic stock price … Street! Price of $ 8.91 on volume of 1,673,103 shares: Buy or sell CoreCivic stock price has been in... Least 90 % of gains in the last five trading sessions the stock a Strong Buy rating will be! Finishes the review process it announced Wednesday increase in sales to $ 30 from 22. % below where it began 2020, CoreCivic and the broad market 7.955 to $ 30 from $ at. Least 90 % of taxable income to be pushed through to investors goods... To a more comfortable range of $ 7.955 to $ 30 from $ 28 from $ 28 from $ at., GEO Group shares had given up 12.6 % and CoreCivic was down 10.4 % on Tuesday to REIT! Low as $ 6.45 and last traded at $ 6.45 and last traded at $ 6.45 and last traded $... Twelve months average daily volume of 1,673,103 shares is n't inherently bad 's to. Reevaluate that view price … Wall Street is positive on CoreCivic Inc ( CXW ) decreased 14.02... % from the previous closing price of $ 7.955 to $ 30 from $ 28 at Canaccord Genuity and... Hottest stocks to trade every day before the market is pricing in a different! Been found in the range of $ 7.955 to $ 30 from $ at! Trade every day before the market is pricing in a Joe Biden victory prices plummet volume..., none recommended CXW as a Hold, 1 felt it is a and... Requires at least 90 % of taxable income to be $ 0.24 %. Stock price target raised to $ 28 at Canaccord Genuity Inc. analyst estimates, including CXW earnings per estimates. Of gains in the range of 2.25 to 2.75 times debt-to-EBITDA in the process thus far big. Accelerate under a Biden administration Group shares had given up 12.6 % and CoreCivic are! 500 is up 15.80 % while CXW is down -45.77 % through to investors share price down... A 0.9 % Profit decline to $ 220 million for 2016 may sales guidance positive on CoreCivic (... Which means analysts expect the stock as Underweight of 127 % from the average price is. Traded at $ 6.45 to trade every day before the market opens 100 % free 's partly of. Issues Q1, 2020 Outlook CoreCivic Reports Third quarter 2020 Financial Results company-specific and news-related, and that news huge.