10 Best Prison and Law Enforcement Stocks to Buy According to Analysts

6. The GEO Group, Inc. (NYSE:GEO)

Analyst Upside: 50.43%

Number of Hedge Fund Holders: 39

The GEO Group, Inc. (NYSE:GEO) designs, finances, develops and supports services for processing centers, secure facilities, and community re-entry facilities. Its operations are divided into the following segments: US Secure, Electronic Monitoring and Supervision, Re-entry, and International Services. The US Secure Services segment comprises the US-based public-private partnership correction and detention segment, while the Electronic Monitoring and Supervision Services segment offers services in the US. The International Services segment offers public-private partnership secure services operations in South Africa and Australia, and the Re-entry Services Segment comprises various community-based and re-entry services.

On April 15, the New York Times reported that the GEO Group, Inc. (NYSE:GEO) has built a lucrative business segment focusing on digital tools that provide immigrant surveillance on behalf of the federal government over the last decade. This has made it one of the most prominent business winners amidst deportations in Trump’s administration. The company’s smartwatches, ankle monitors, and tracking applications are helping the government by detecting and reporting unauthorized immigrant locations to Immigration and Customs Enforcement.

On March 25, Noble Capital raised the firm’s price target on GEO Group, Inc. (NYSE:GEO) to $35 from $32, keeping an Outperform rating on the shares following the company’s investor day. The analyst told investors that GEO Group, Inc. (NYSE:GEO) announced significant growth opportunities under its new initiatives to manage undocumented immigrants on investor day, along with its goal to both return capital to shareholders and slash debt.