Corrections Corporation Of America Reaches New 52-Week High (CXW)

NEW YORK ( TheStreet) -- Corrections Corporation of America (NYSE: CXW) hit a new 52-week high Thursday as it is currently trading at $30.06, above its previous 52-week high of $27.64 with 816,697 shares traded as of 9:40 a.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 33.6% year to date as of the close of trading on Wednesday.

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 17.5, above the average diversified services industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

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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