JonesTrading Reaffirms “Buy” Rating for Geo Group (NYSE:GEO)

Geo Group (NYSE:GEO)‘s stock had its “buy” rating reissued by equities researchers at JonesTrading in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $40.00 price objective on the real estate investment trust’s stock. JonesTrading’s target price suggests a potential upside of 29.19% from the company’s current price.

Several other research firms have also issued reports on GEO. Northland Securities lifted their price objective on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Geo Group in a research report on Friday, September 4th. Zacks Research upgraded shares of Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Finally, UBS Group restated a “buy” rating on shares of Geo Group in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $40.00.

Geo Group Stock Up 0.0%

GEO stock traded up $0.00 during trading on Tuesday, reaching $30.96. 289,356 shares of the stock were exchanged, compared to its average volume of 2,198,084. The firm has a market cap of $4.08 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.77. Geo Group has a twelve month low of $12.51 and a twelve month high of $33.17. The firm’s 50 day moving average is $31.26 and its 200 day moving average is $26.66. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $732.07 million during the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, research analysts forecast that Geo Group will post 1.31 EPS for the current year.

Insider Activity

In other Geo Group news, insider Ronald A. Brack sold 7,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider directly owned 71,614 shares in the company, valued at $2,291,648. This represents a 8.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew Albence sold 11,797 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $31.45, for a total transaction of $371,015.65. Following the sale, the vice president owned 87,602 shares in the company, valued at approximately $2,755,082.90. This trade represents a 11.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 28,797 shares of company stock valued at $911,916. 4.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in Geo Group during the 2nd quarter worth $34,000. Bessemer Group Inc. lifted its stake in shares of Geo Group by 111.9% in the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 910 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Geo Group by 164.2% in the third quarter. Farther Finance Advisors LLC now owns 2,587 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,608 shares during the period. Public Employees Retirement System of Ohio raised its position in Geo Group by 22.7% during the first quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 715 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Geo Group during the second quarter worth about $229,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group News Roundup

Here are the key news stories impacting Geo Group this week:

• Positive Sentiment: Sidoti raised its earnings outlook across multiple periods. The firm increased its FY2026 EPS estimate to $1.37 from $1.30, FY2027 to $1.86 from $1.67, Q1 2027 to $0.40 from $0.34, Q2 2027 to $0.47 from $0.42, Q3 2027 to $0.49 from $0.44, and Q4 2027 to $0.51 from $0.47. Sidoti projects FY2028 EPS of $1.98, well above GEO’s current-year consensus estimate of $1.31, signaling expectations for improving profitability.
• Positive Sentiment: GEO received a Buy rating from JonesTrading, adding to the constructive analyst commentary surrounding the company. Geo Group Earns Buy Rating from JonesTrading
• Positive Sentiment: The company amended and restated its credit agreement while retaining its $550 million facility. The updated arrangement is intended to enhance financial flexibility and may help GEO manage liquidity, debt refinancing and shareholder-return decisions. Geo Group Enhances Credit Facility and Shareholder Flexibility
• Neutral Sentiment: GEO issued notice to redeem all senior secured notes due 2029 and amended and extended its revolving credit facility. The redemption could simplify the debt structure, but its ultimate effect depends on replacement financing costs and the impact on leverage. GEO Redeems Senior Secured Notes and Extends Credit Facility

Geo Group Company Profile

The GEO Group, Inc (NYSE: GEO) is a provider of correctional, detention and community-reentry services. The company designs, finances, develops and manages secure facilities for federal, state and local government agencies, as well as certain international government clients. Its facilities house individuals in pretrial detention, immigration detention and correctional programs.

GEO also provides correctional and behavioral healthcare, transportation and security services, and electronic monitoring technologies.