why Geo Group, Inc. [GEO] is a Good Choice for Investors After New Price Target of $17.95

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Geo Group, Inc. [NYSE: GEO] gained 1.76% on the last trading session, reaching $13.86 price per share at the time.

If compared to the average trading volume of 2.20M shares, GEO reached a trading volume of 2714403 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Geo Group, Inc. [GEO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEO shares is $17.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northland Capital have made an estimate for Geo Group, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 02, 2023. While these analysts kept the previous recommendation, Wedbush raised their target price from $10 to $14. The new note on the price target was released on November 29, 2022, representing the official price target for Geo Group, Inc. stock. Previously, the target price had yet another raise to $7, while Wedbush analysts kept a Neutral rating on GEO stock.

The Average True Range (ATR) for Geo Group, Inc. is set at 0.48, with the Price to Sales ratio for GEO stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 1.51, with the Price to Cash per share for the same quarter was set at 0.38. Price to Free Cash Flow for GEO in the course of the last twelve months was 9.40.

Trading performance analysis for GEO stock

Geo Group, Inc. [GEO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.05. With this latest performance, GEO shares gained by 10.44% in over the last four-week period, additionally sinking by -11.61% over the last 6 months – not to mention a rise of 59.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GEO stock in for the last two-week period is set at 62.20, with the RSI for the last a single of trading hit 71.11, and the three-weeks RSI is set at 56.73 for Geo Group, Inc. [GEO]. The present Moving Average for the last 50 days of trading for this stock 13.08, while it was recorded at 13.67 for the last single week of trading, and 13.31 for the last 200 days.

Geo Group, Inc. [GEO]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GEO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Geo Group, Inc. go to 10.00%.

An analysis of Institutional ownership at Geo Group, Inc. [GEO]

There are presently around $80.70%, or 84.72%% of GEO stock, in the hands of institutional investors. The top three institutional holders of GEO stocks are: BLACKROCK INC. with ownership of 19.66 million shares, which is approximately 16.0454%. VANGUARD GROUP INC, holding 14.55 million shares of the stock with an approximate value of $$209.0 million in GEO stocks shares; and VANGUARD GROUP INC, currently with $$134.57 million in GEO stock with ownership which is approximately 7.6504%.