Stock Rating Downgrade
During the last several trading days the Value Trend Rating for CoreCivic Inc (NYSE: CXW) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
CoreCivic Inc (NYSE: CXW) stock increased 2.0% on 11/8/24. The shares closed at $22.52. Moreover, trading volume in this advance was exceptionally high at 362% of normal. The stock has risen 63.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CXW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CoreCivic has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. CoreCivic has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 36, producing the Negative Value Trend Rating.
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