The GEO Group (NYSE:GEO) Given New $30.00 Price Target at Wedbush

The GEO Group (NYSE:GEO) had its target price boosted by Wedbush from $25.00 to $30.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for The GEO Group’s Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.28 EPS and FY2026 earnings at $1.15 EPS.

Separately, StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

The GEO Group Price Performance

NYSE GEO opened at $26.49 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.26 and a debt-to-equity ratio of 1.25. The GEO Group has a 12 month low of $9.14 and a 12 month high of $27.88. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 91.33, a PEG ratio of 3.09 and a beta of 0.63. The company’s 50 day moving average is $14.71 and its two-hundred day moving average is $14.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,625 shares during the last quarter. GAMMA Investing LLC increased its stake in The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of The GEO Group by 62.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,393 shares in the last quarter. nVerses Capital LLC bought a new position in shares of The GEO Group during the 3rd quarter valued at approximately $121,000. Finally, Innealta Capital LLC purchased a new position in shares of The GEO Group in the second quarter valued at $140,000. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.