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GEO

Geo Group

$23.71

-0.38 (-1.58%)

11:38
10/04/16
10/04
11:38
10/04/16
11:38

Federal Prision System award to Geo Group posted to government site

A post to the Federal Procurement Data System indicates that Geo Group was awarded a firm fixed price contract by the Federal Prison System. The page indicates that the date signed was Oct. 3 and the effective date of the contract is Oct. 1. Reference Link

GEO Geo Group
$23.71

-0.38 (-1.58%)

08/24/16
ADAM
08/24/16
NO CHANGE
ADAM
Buy
Risks could continue to weigh on prison stocks, says Canaccord
Canaccord analyst Ryan Meliker lowered his price targets on both Correction Corp. of America (CXW) and the GEO Group (GEO) following the announcement of federal prison contracts. Meliker said both companies are currently selling at all-time high free cash flow yields, which implies they are either extremely cheap or there is substantial risk to more contract cancellations. The analyst believes most of those concerns are already priced in, but the risk of dividend cuts, covenant breaches and contract losses will weigh on the stocks. Meliker said Correction Corp. could cut its dividend by 35% and are at risk of breaching covenants but that GEO Group's dividend and covenants are safe. Meliker maintained his Buy rating but lowered his price target to $28 from $38 on the GEO Group and maintained his Hold rating and lowered his price target to $21 from $30 on Correction Corp. shares.
08/29/16
RHCO
08/29/16
NO CHANGE
RHCO
ICE does not have ready alternatives to private prisons, says SunTrust
SunTrust analysts noted that the Department of Homeland Security has directed U.S. Immigration and Customs Enforcement, or ICE, to initiate a review of its current detention and processing centers, but they do not believe there are ready alternatives to the purpose-built prisons owned by Geo Group (GEO) and Corrections Corp. (CXW), making this less of a risk than the potential loss of business with the Bureau of Prisons. The firm has a Neutral rating on Corrections Corp. shares and a Buy rating on Geo Group.
09/01/16
RHCO
09/01/16
NO CHANGE
RHCO
Geo Group, Corrections Corp. price targets lowered at SunTrust
SunTrust analyst Tobey Summer lowered his price target on Geo Group (GEO) to $32 from $38 and cut his price target on Corrections Corp (CXW) to $20 from $34. The analyst says that the companies' Bureau of Prisons business is "at risk over five years." However, he thinks that the companies' ICE and U.S. Marshals business is "substantially more secure." The analyst keeps a Buy rating on Geo and a Neutral rating on Corrections Corp.
09/28/16
ADAM
09/28/16
NO CHANGE
Target $21
ADAM
Hold
Corrections Corp still challenged, but restructuring a good step, says Canaccord
Canaccord analyst Ryan Meliker believes the restructuring plans announced by Corrections Corp. of America (CXW) are a good first step to "build a cushion in cash flows and dividend coverage," though he sees a number of potential challenges that may further pressure the company. In addition to sentencing reform and contract headlines, Meliker notes the EBITDA risk posed by the renegotiation of CCA's South Texas Family Residential facility contract. The analyst keeps a Hold rating and $21 price target on CCA shares and said he continues to prefer Geo Group (GEO), on which he has a Buy rating, in the prison REIT space.

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MTSI

MACOM

$47.13

1.08 (2.35%)

, AMCC

Applied Micro Circuits

$8.40

0.1 (1.20%)

07:30
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07:30
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MACOM, Applied Micro Circuits analyst commentary  »

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MACOM

$47.13

1.08 (2.35%)

AMCC

Applied Micro Circuits

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NEM

Newmont Mining

$33.58

1.31 (4.06%)

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Seadrill

$2.95

-0.13 (-4.22%)

07:30
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Options
Unusual put flow in option market yesterday »

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NEM

Newmont Mining

$33.58

1.31 (4.06%)

SDRL

Seadrill

$2.95

-0.13 (-4.22%)

ORCL

Oracle

$38.50

-0.2 (-0.52%)

AET

Aetna

$133.49

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FE

FirstEnergy

$30.57

-0.42 (-1.36%)

LBTYA

Liberty Global

$29.67

-0.4 (-1.33%)

TOL

Toll Brothers

$29.32

0.18 (0.62%)

IRDM

Iridium

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ITRI

Itron

$63.10

-0.7 (-1.10%)

07:28
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HDYN

Hyperdynamics

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Hyperdynamics signs LOI with SAPETRO »

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VNCE

Vince Holding

$3.90

-0.35 (-8.24%)

07:27
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07:27
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FL

Foot Locker

$74.23

0.55 (0.75%)

07:27
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07:27
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NMBL

Nimble Storage

$7.72

0.28 (3.76%)

07:25
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AMZN

Amazon.com

$740.34

-3.31 (-0.45%)

07:25
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Amazon.com analyst commentary  »

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TRIL

Trillium Therapeutics

$6.70

-0.5 (-6.94%)

07:25
12/05/16
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07:25
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07:25
Conference/Events
Trillium Therapeutics to host conference call »

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QTNA

Quantenna Communications

$16.83

-0.18 (-1.06%)

07:24
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07:24
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Quantenna Communications rating change  »

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TRIP

TripAdvisor

$46.46

-0.7 (-1.48%)

07:22
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07:22
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TripAdvisor rating change  »

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CSIQ

Canadian Solar

$11.07

-0.21 (-1.86%)

07:21
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07:21
Hot Stocks
Canadian Solar closes financing for solar power project in Japan »

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BA

Boeing

$152.25

-0.14 (-0.09%)

, EADSY

Airbus

$15.64

-0.26 (-1.64%)

07:19
12/05/16
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07:19
Periodicals
Norwegian Air CEO aims to order more Boeing, Airbus aircraft, Reuters reports »

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BA

Boeing

$152.25

-0.14 (-0.09%)

EADSY

Airbus

$15.64

-0.26 (-1.64%)

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HCLP

Hi-Crush Partners

$18.40

0.6 (3.37%)

07:19
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Hi-Crush Partners rating change  »

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TSN

Tyson Foods

$57.05

0.88 (1.57%)

07:18
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Tyson Foods creates $150M venture capital fund »

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SNSS

Sunesis

$3.90

-0.06 (-1.52%)

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Sunesis says SNS-062 on track to begin dosing in Phase 1B/2 trial in 1H17 »

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HLT

Hilton

$25.26

0.05 (0.20%)

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Hilton board approves 1-for-3 reverse stock split; sees spinoff completed Jan. 3 »

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TGLS

Tecnoglass

$11.81

-0.1 (-0.84%)

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ALNY

Alnylam

$41.57

-0.01 (-0.02%)

07:16
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DVAX

Dynavax

$4.70

0.35 (8.05%)

07:15
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Dynavax presents clinical data from SD-101 at ASH meeting »

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ONCE

Spark Therapeutics

$50.01

0.27 (0.54%)

07:15
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Spark Therapeutics analyst commentary  »

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ONTX

Onconova

$2.62

-0.23 (-8.07%)

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Onconova presents Phase 2 data from rigosertib/azacitidine combination »

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F

Ford

$12.24

-0.19 (-1.53%)

07:14
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Ford still moving small-car production to Mexico, WSJ reports »

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GLOG

GasLog

$15.95

0.45 (2.90%)

, GLOP

GasLog Partners

$20.60

-0.05 (-0.24%)

07:14
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GasLog announces order of FSRU LLIs »

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GLOG

GasLog

$15.95

0.45 (2.90%)

GLOP

GasLog Partners

$20.60

-0.05 (-0.24%)

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VBLT

VBL Therapeutics

$5.25

0.05 (0.96%)

07:13
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VBL says DSMC recommends Phase 3 GLOBE study continue as planned »

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