Stock To Watch: Corrections Corporation of America (NYSE:CXW)


The leading market experts have placed a mean price target of $35.50 on Corrections Corporation of America (NYSE:CXW) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.67 a share for the upcoming quarter and $2.63 for the current fiscal. Technical View The technical analysis of Corrections Corporation of Amer plainly substantiates that the 50-day moving average of Corrections Corporation of Amer is $33.15, and stock is hovering 0.75 or +2.27% distant from $33.15. It is noted that the 200-day MA is $29.95, and Corrections Corporation of Amer stock is $3.95 or +13.20% off from this point. Corrections Corporation of America (NYSE:CXW) 52-week high is $35.48 and the 52-week low is $24.21. This explains if the stock moves $-1.58, it will post a 52-week high. In event of $+40.02% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Corrections Corporation of Amer, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Corrections Corporation of America (NYSE:CXW) ratio came in at 19.04. The stock last ended the trading session at $33.90 and registered a market cap of $3.98B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Corrections Corporation of America (NYSE:CXW) PEG ratio is at 2.15.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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