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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.

TODAY'S FREE FLY STORIES

GNCA

Genocea

$5.33

0.04 (0.76%)

20:43
09/25/17
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20:43
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Genocea rating change at Stifel »

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CQH

Cheniere Energy Partners LP

$24.66

0.27 (1.11%)

20:27
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DAL

Delta Air Lines

$48.32

-0.15 (-0.31%)

20:25
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HA

Hawaiian Holdings

$37.45

-0.25 (-0.66%)

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ALK

Alaska Air

$74.79

0.04 (0.05%)

20:25
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LUV

Southwest

$55.12

0.19 (0.35%)

20:25
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DRI

Darden

$83.14

0.26 (0.31%)

, FDS

FactSet

$170.81

2.2 (1.30%)

20:25
09/25/17
09/25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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Darden

$83.14

0.26 (0.31%)

FDS

FactSet

$170.81

2.2 (1.30%)

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SAVE

Spirit Airlines

$34.15

0.44 (1.31%)

20:22
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JBLU

JetBlue

$18.87

0.25 (1.34%)

20:22
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ALGT

Allegiant Travel

$133.95

3.85 (2.96%)

20:22
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20:22
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20:22
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AAL

American Airlines

$47.70

0.64 (1.36%)

20:22
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Initiation
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  • 02

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UAL

United Continental

$59.44

0.64 (1.09%)

20:21
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20:21
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20:21
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United Continental initiated at Macquarie »

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LUV

Southwest

$55.12

0.19 (0.35%)

20:10
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20:10
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20:10
Initiation
Southwest initiated at Macquarie »

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AMPH

Amphastar

$16.27

0.17 (1.06%)

, AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

18:59
09/25/17
09/25
18:59
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18:59
Hot Stocks
Amphastar announces FDA approval of Neostigmine Methylsulfate Injection, USP »

Amphastar (AMPH)…

AMPH

Amphastar

$16.27

0.17 (1.06%)

AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

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ACN

Accenture

$138.16

0.26 (0.19%)

18:58
09/25/17
09/25
18:58
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18:58
Hot Stocks
Accenture chief marketing & communications officer Taylor to retire Aug 31, 2018 »

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SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

, BA

Boeing

$254.32

-2.13 (-0.83%)

18:31
09/25/17
09/25
18:31
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18:31
Hot Stocks
Spirit AeroSystems finalizes agreement with Boeing »

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SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

BA

Boeing

$254.32

-2.13 (-0.83%)

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

18:17
09/25/17
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18:17
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18:17
Hot Stocks
Senator Collins opposes Graham-Cassidy ACA repeal bill »

U.S. Senator Susan…

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

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18:15
09/25/17
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18:15
General news
Breaking General news story  »

Minneapolis Federal…

CATM

Cardtronics

$26.10

-3.17 (-10.83%)

18:13
09/25/17
09/25
18:13
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18:13
Downgrade
Cardtronics rating change at William Blair »

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IVTY

Invuity

$7.80

-0.5 (-6.02%)

18:10
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09/25
18:10
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18:10
Recommendations
Invuity analyst commentary at Piper Jaffray »

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MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

18:05
09/25/17
09/25
18:05
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18:05
Hot Stocks
CBO: Graham-Cassidy ACA repeal bill to reduce number of insured by 'millions' »

The Congressional Budget…

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

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GPC

Genuine Parts

$93.22

5.24 (5.96%)

18:04
09/25/17
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18:04
Recommendations
Genuine Parts analyst commentary at RBC Capital »

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AA

Alcoa

$45.29

-0.09 (-0.20%)

, FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

17:55
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17:55
Recommendations
Alcoa, Freeport McMoRan, Teck Resources, Newmont Mining, Warrior Met Coal, Cleveland-Cliffs analyst commentary at Morgan Stanley »

Morgan Stanley raising…

AA

Alcoa

$45.29

-0.09 (-0.20%)

FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

TECK

Teck Resources

$21.24

-0.72 (-3.28%)

NEM

Newmont Mining

$38.63

0.74 (1.95%)

HCC

Warrior Met Coal

$24.11

0.76 (3.25%)

CLF

Cleveland-Cliffs

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17:55
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17:55
Conference/Events
Federal Reserve Bank of Minneapolis President participates in a discussion »

Minneapolis Federal…

FTK

Flotek

$5.40

0.04 (0.75%)

17:49
09/25/17
09/25
17:49
09/25/17
17:49
Earnings
Flotek cuts Q3 revenue view by $5M, consensus $90.9M »

Flotek announced impacts…

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