Noble (OTC:NEBLQ) Financial analyst Joe Gomes maintained a Buy rating on Geo Group (NYSE:GEO) on Wednesday, setting a price target of $15, which is approximately 74.42% above the present share price of $8.6.
Gomes expects Geo Group to post earnings per share (EPS) of $0.33 for the first quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Geo Group, with an average price target of $15.
The analysts price targets range from a high of $15 to a low of $15.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $579.14 million and a net profit of $64.46 million. The company's market cap is $1.04 billion.
According to TipRanks.com, Noble Financial analyst Joe Gomes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 37.1% and a 66.17% success rate.
The GEO Group, Inc. is a real estate investment trust, which specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. It operates through the following segments: U.S. Corrections and Detention; GEO Care; International Services; and Facility Construction and Design. The U.S. Corrections and Detention segment encompasses United States based public-private partnership corrections and detention business. The GEO Care segment consists of community-based services business, youth services business, and electronic monitoring and supervision service. The International Services segment includes detention operations in South Africa, Australia, and the United Kingdom. The Facility Construction and Design segment contracts with states, local, federal agencies, and international agencies for the design and construction of buildings. The company was founded by George C. Zoley in 1984 and is headquartered in Boca Raton, FL.