3. As of noon trading, Corrections Corporation of America ( CXW) is up $0.46 (1.3%) to $34.36 on average volume Thus far, 498,714 shares of Corrections Corporation of America exchanged hands as compared to its average daily volume of 807,000 shares. The stock has ranged in price between $34.00-$34.66 after having opened the day at $34.20 as compared to the previous trading day's close of $33.90.

Corrections Corporation of America, together with its subsidiaries, owns and operates privatized correctional and detention facilities in the United States. Corrections Corporation of America has a market cap of $3.4 billion and is part of the services sector. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7. Shares are up 66.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Corrections Corporation of America a buy, no analysts rate it a sell, and 1 rates it a hold.

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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corrections Corporation of America Ratings Report now.

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