GEO Group Rated Among Top 10 Undervalued Industrial Stocks with $35 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Yahoo Finance
- Analyst Rating: GEO Group is recognized as one of the top 10 undervalued industrial stocks, with Noble Financial maintaining a Buy rating and a price target of $35, indicating a potential upside of 92% from current levels.
- Contract Award: The company recently secured a contract with U.S. Immigration and Customs Enforcement (ICE) to provide skip tracing services for non-detained individuals, expected to generate approximately $121 million in revenue, representing about 4.8% of its trailing twelve-month revenue of $2.53 billion.
- Service Expansion: GEO's subsidiary, BI Incorporated, will utilize enhanced location research and commercial data verification to deliver these services, aimed at investigating and verifying address information, thereby reinforcing the high-quality solutions provided to ICE over the past 21 years.
- Market Positioning: As a leading diversified government services provider, GEO specializes in financing, design, development, and support services for processing centers and secure facilities, and while some analysts see greater potential in AI stocks, GEO's investment value remains significant.
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Analyst Views on GEO
Wall Street analysts forecast GEO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEO is 34.00 USD with a low forecast of 30.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.050
Low
30.00
Averages
34.00
High
37.00
Current: 16.050
Low
30.00
Averages
34.00
High
37.00
About GEO
The GEO Group, Inc. is a diversified government service provider. The Company specializes in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. The Company’s U.S. Secure Services segment primarily encompasses the United Sates-based secure services business. Its Electronic Monitoring and Supervision Services segment represents technology and services provided to adults for monitoring services for community-based parolees, probationers, and pretrial defendants. Its Reentry Services segment represents evidence-based supervision and treatment programs provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs. Its International Services segment primarily consists of secure services operations in South Africa and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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