Northland Capital Reiterates Buy Rating for The GEO Group, Inc.
Northland Capital Markets reaffirms its buy rating on GEO Group with a $40 price target, a 35.36% upside from the current price.
Key Points
- Northland Capital Markets reiterated its buy rating on The GEO Group, Inc. with a price target of $40 on June 26, 2026.
- Northland Capital Markets's $40 price target implies 35.36% upside from The GEO Group, Inc.'s ($GEO) current $29.55 share price.
- Shares of GEO traded at $29.33 on Friday, with a market cap of approximately $3.92 billion and a P/E ratio of 14.9.
- BlackRock cut its GEO holdings by 162,732 shares, while UBS Group AG increased its position by 6,014,433 shares.
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On June 26, 2026, Northland Capital Markets reiterated its buy rating for The GEO Group, Inc. (NYSE:GEO), setting a price target of $40. Analyst Greg Gibas reaffirmed the firm's positive outlook on the security and protection services provider. This analysis comes as GEO's stock traded near $29.33 on Friday.
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The GEO Group, Inc. Stock Down 8.5%
Shares of The GEO Group, Inc. traded near $29.33 on Friday. The company has a market capitalization of about $3.92 billion and a P/E ratio of 14.9, indicating moderate valuation compared to earnings. GEO's stock has seen a 52-week range between $12.51 and $30.40. The company's 50-day moving average is $23.12, while the 200-day moving average is $18.48. With a beta of 0.833, the stock shows lower volatility compared to the broader market.
$GEO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Other Institutional Activity in The GEO Group, Inc.
BlackRock, Inc. reduced its holdings in The GEO Group by 162,732 shares, bringing its total to 20,589,057 shares valued at approximately $346.1 million, a 0.8% decrease. In contrast, UBS Group AG significantly increased its stake by 6,014,433 shares, ending with 9,387,296 shares worth around $157.8 million, marking a 178.3% increase. Pentwater Capital Management LP also boosted its position by 3,717,300 shares, totaling 9,565,000 shares valued at about $160.8 million, representing a 63.6% increase. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC opened new positions, acquiring 7,452,438 and 5,763,274 shares, respectively.
Recent Earnings
The GEO Group reported revenues of $2.73 billion, with a revenue growth of 16.6%. The company's earnings per share stand at $1.97, supported by a net margin of 10.0% and a return on equity of 19.3%. Investors can look forward to the next earnings report scheduled for August 5, 2026.
Insider Buying and Selling at The GEO Group, Inc.
Recent insider activity includes Chairman and CEO George Zoley selling 300,000 shares on June 4, 2026. On the buying side, Senior Vice President and CFO Shayn March purchased 12,175 shares on April 1, 2026, and 19,566 shares on March 6, 2026. Additionally, Executive Vice President Ronald Brack acquired 14,515 shares, and Chief Compliance Officer Nicole Mannarino bought 657 shares on March 6, 2026.
Analysts Set New Price Targets
On June 26, 2026, Northland Capital Markets maintained its buy rating on The GEO Group, Inc., with a price target of $40. The consensus among analysts is a buy rating with a mean price target of $29.5, based on four analyst opinions.
About The GEO Group, Inc.
The GEO Group, Inc. is a prominent player in the security and protection services industry, operating primarily in the United States, Australia, South Africa, and the United Kingdom. Headquartered in Boca Raton, Florida, GEO specializes in the design, financing, development, and management of secure facilities and community reentry centers. Under the leadership of CEO Dr. George C. Zoley, the company employs around 20,000 people and provides a range of services, including electronic monitoring, secure transportation, and correctional health care.
Bottom Line
Northland Capital's reaffirmation of a buy rating with a $40 target reflects confidence in The GEO Group's prospects. Investors will be watching for the next earnings report in August to gauge the company's ongoing performance. As always, it's important to remember that analyst ratings are forward-looking and based on current information.
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