Corrections Corporation Of America Stock Hits New 52-Week High (CXW) - TheStreet

NEW YORK (

TheStreet

) --

Corrections Corporation of America

(NYSE:

CXW

) hit a new 52-week high Tuesday as it is currently trading at $26.63, above its previous 52-week high of $26.60 with 1.2 million shares traded as of 2 p.m. ET. Average volume has been 776,800 shares over the past 30 days.

Corrections Corporation of America has a market cap of $2.33 billion and is part of the

services

sector and

diversified services

industry. Shares are up 29.4% year to date as of the close of trading on Monday.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. The company has a P/E ratio of 16.8, above the average diversified services industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Corrections Corporation of America as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Corrections Corporation of America Ratings Report

.

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