StockNews.com Upgrades Franklin Covey (NYSE:FC) to “Strong-Buy”

Franklin Covey (NYSE:FC) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Separately, Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday, November 7th.

Franklin Covey Price Performance

NYSE:FC opened at $36.63 on Wednesday. Franklin Covey has a one year low of $33.75 and a one year high of $44.96. The stock has a market cap of $482.93 million, a PE ratio of 21.05, a P/E/G ratio of 1.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99. The stock has a 50 day moving average price of $39.46 and a 200 day moving average price of $38.87.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The firm had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Equities research analysts expect that Franklin Covey will post 1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors have recently added to or reduced their stakes in FC. Vanguard Group Inc. increased its stake in shares of Franklin Covey by 3.5% during the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after acquiring an additional 24,062 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Franklin Covey in the 2nd quarter valued at approximately $17,022,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Franklin Covey during the 2nd quarter worth approximately $490,000. Harbor Capital Advisors Inc. raised its stake in shares of Franklin Covey by 137.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after buying an additional 140,537 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Franklin Covey by 13.5% during the 2nd quarter. Millennium Management LLC now owns 150,223 shares of the business services provider’s stock worth $5,708,000 after buying an additional 17,909 shares in the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.