NEW YORK (
-- The Geo Group
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and mental health and residential treatment facilities in the United States, Australia, South Africa, and the United Kingdom. The company has a P/E ratio of 23.2, above the average diversified services industry P/E ratio of 22.7 and below the S&P 500 P/E ratio of 23.4. The Geo Group has a market cap of $1.6 billion and is part of the
industry. Shares are down 0.7% year to date as of the close of trading on Thursday.
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