CoreCivic Inc is a leading provider of diversified government real estate services, primarily focused on the development and management of correctional and detention facilities
The company partners with government agencies to offer solutions that meet the increasing demand for secure and safe housing for individuals in the justice system. In addition to its core operations in the correctional sector, CoreCivic also provides rehabilitation and reentry services, emphasizing the importance of transitioning offenders back into society. By leveraging its extensive experience and comprehensive facilities, CoreCivic aims to enhance public safety while supporting the effective management of correctional populations.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges.
However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
JonesResearch analyst reiterates Buy rating and $28 price target for CoreCivic after Q4 results beat expectations and expects increased demand under new administration.
CoreCivic reported fourth-quarter revenue of $479.3 million, beating analyst estimates of $465.17 million, according to Benzinga Pro. The correctional facility company reported fourth-quarter funds from operations (FFO) of 39 cents per share, beating analyst estimates of 34 cents per share.
El Salvador's President Nayib Bukele says he will incarcerate convicted criminals from the U.S. in his country, a macabre offer that is being praised as an "unprecedented" by U.S. Secretary of State Marco Rubio.
President Donald Trump said Wednesday that he will deport up to 30,000 migrant detainees to a detention facility at the Guantanamo Bay Naval Base in Cuba.
Trump's 2nd term may benefit for-profit prisons due to plans to deport people living in the U.S. illegally. Geo and Corecivic may see increased demand.
Recently, we provided a snapshot of asset class performance since Election Day using our key ETF matrix. Diving a little deeper, here is a look at the change in market cap across S&P 1500 sectors since Trump's victory on Nov. 5, 2024.
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