Corrections Corporation of Amer (NYSE:CXW):
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Corrections Corporation of America To Contact The Firm Before Lead Plaintiff Deadlin.
In the market the company is trading down by -7.41 percent from yesterday’s close.
Additionally the company recently declared a dividend payable on Monday October 17th, 2016. The dividend payment will be $0.540 per share for the quarter or $2.16 annualized. This dividend represents a yeild of $13.58 which is the dividend as a percentage of the current share price. The ex-dividend date has been established as Wednesday the 29th of June 2016.
Company chares are trading at $14.81 which is just under the 50 day moving average of $19.07 and barely below the 200 day moving average of $29.11. The 50 day moving average was down $-4.36 or -22.871% and the 200 day average went down $-14.40 or -49.482%.
Corrections Corporation of Amer’s P/E ratio is 8.549 and the market cap of the company is 1.73B. In the last earnings report the EPS was $1.72 and is expected to be $2.66 for the current year with 117,522,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.69 with next year’s EPS anticipated to be $2.06.
Several brokerages have weighed in on the stock. On July 1 the company was rated “Neutral” by SunTrust Robinson Humphrey down from the previous “” rating. March 22 investment analysts at Canaccord Genuity maintained a stock rating of “Hold” and raised the price target from $30.00 to $33.00.
Canaccord Genuity starting coverage on CXW with a rating of “Hold” and establishing a price target of $37.00. On June 19 the stock rating was downgraded to “Neutral” from “Outperform” in a statement from Macquarie.
Equity analyst CRT Capital both upgraded the stock and raised the price target on February 14 boosting the price target from $35.00 to $36.00 and moving the rating from “Fairly Valued” to “Buy”. On February 14 the company was upgraded from “Fairly Valued” to “Buy” and a price target of $36.00 was set in a report issued by CRT Capital.