The GEO Group (GEO) Forms $25.07 Double Bottom; Independent Bank (IBCP) Has 1.13 Sentiment

November 15, 2017 - By Marie Mckinney

The GEO Group Inc (GEO) formed double bottom with $23.32 target or 7.00% below today’s $25.07 share price. The GEO Group Inc (GEO) has $3.11B valuation. The stock decreased 4.26% or $1.11 during the last trading session, reaching $25.07. About shares traded. The GEO Group Inc (NYSE:GEO) has risen 49.90% since November 15, 2016 and is uptrending. It has outperformed by 33.20% the S&P500.

Independent Bank Corporation is a bank holding company. The company has market cap of $468.24 million. The Firm owns all of the outstanding stock of Independent Bank . It has a 19.31 P/E ratio. The Bank focuses on commercial banking industry.

Among 5 analysts covering The GEO Group (NYSE:GEO), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The GEO Group had 13 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Monday, December 12. As per Thursday, August 10, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, April 11. The firm has “Buy” rating by SunTrust given on Wednesday, October 18. The firm has “Buy” rating given on Friday, February 24 by Canaccord Genuity. The stock has “Buy” rating by MLV on Tuesday, August 4. The firm earned “Buy” rating on Thursday, September 1 by Suntrust Robinson. The stock of The GEO Group Inc (NYSE:GEO) has “Buy” rating given on Thursday, September 1 by SunTrust. The company was maintained on Wednesday, August 24 by Canaccord Genuity. The stock has “Buy” rating by J.P. Morgan on Friday, July 14.

Analysts await The GEO Group Inc (NYSE:GEO) to report earnings on February, 28. They expect $0.50 EPS, down 27.54% or $0.19 from last year’s $0.69 per share. GEO’s profit will be $62.03 million for 12.54 P/E if the $0.50 EPS becomes a reality. After $0.63 actual EPS reported by The GEO Group Inc for the previous quarter, Wall Street now forecasts -20.63% negative EPS growth.

The stock increased 0.46% or $0.1 during the last trading session, reaching $21.95. About shares traded. Independent Bank Corporation(MI) (IBCP) has risen 39.51% since November 15, 2016 and is uptrending. It has outperformed by 22.81% the S&P500.

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