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Where Does Wall Street Think Corecivic Inc (CXW) Stock Will Go?

Thursday, March 04, 2021 10:27 AM | InvestorsObserver Analysts

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Where Does Wall Street Think Corecivic Inc (CXW) Stock Will Go?

InvestorsObserver is giving Corecivic Inc (CXW) an Analyst Rating Rank of 78, meaning CXW is ranked higher by analysts than 78% of stocks. The average price target for CXW is $15.3 and analyst’s rate the stock as a Strong Buy

Overall Score - 5
Wall Street analysts are rating CXW a Strong Buy today. Find out what this means to you and get the rest of the rankings on CXW!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Corecivic Inc Stock Today?

Corecivic Inc (CXW) stock is up 1.3% while the S&P 500 has fallen -0.74% as of 10:23 AM on Thursday, Mar 4. CXW has gained $0.10 from the previous closing price of $7.67 on volume of 388,320 shares. Over the past year the S&P 500 is up 21.13% while CXW has fallen -53.02%. CXW earned $0.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.31.

Click Here to get the full report on Corecivic Inc (CXW) Stock.

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