Corrections Corporation of America (CXW) : 2 analysts are covering Corrections Corporation of America (CXW) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Brokerage firm SunTrust Robinson Humphrey downgrades its rating on Corrections Corporation of America (NYSE:CXW). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 1, 2016.
Corrections Corporation of America (NYSE:CXW): After opening at $15.97, the stock dipped to an intraday low of $15.82 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.29 and the buying power remained strong till the end. The stock closed at $16.2 for the day, a gain of 1.12% for the day session. The total traded volume was 2,677,614. The stocks close on the previous trading day was $16.02.
Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, the Companys facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain health care (including medical, dental and mental health services), food services, and work and recreational programs. The Companys customers consist of federal, state, and local correctional and detention authorities. The Company also provides transportation services to governmental agencies through its wholly owned TRS, TransCor America, LLC (TransCor).