Barrington Research Lowers Franklin Covey (NYSE:FC) Price Target to $35.00

Franklin Covey (NYSE:FC) had its price target reduced by investment analysts at Barrington Research from $45.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 69.36% from the company’s previous close.

Separately, StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Stock Performance

FC opened at $20.67 on Thursday. The firm has a market cap of $272.71 million, a P/E ratio of 14.06, a PEG ratio of 1.74 and a beta of 0.98. Franklin Covey has a 1-year low of $19.54 and a 1-year high of $44.46. The company has a 50 day simple moving average of $32.18 and a two-hundred day simple moving average of $35.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million for the quarter, compared to analysts’ expectations of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. Equities analysts forecast that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors have recently made changes to their positions in FC. Geode Capital Management LLC increased its position in shares of Franklin Covey by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 301,054 shares of the business services provider’s stock valued at $11,316,000 after buying an additional 5,872 shares in the last quarter. State Street Corp increased its stake in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after buying an additional 5,955 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Franklin Covey by 3.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 251,263 shares of the business services provider’s stock valued at $9,442,000 after purchasing an additional 8,310 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Franklin Covey by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 146,903 shares of the business services provider’s stock worth $5,521,000 after buying an additional 9,900 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Franklin Covey by 885.5% during the 4th quarter. Royce & Associates LP now owns 140,793 shares of the business services provider’s stock worth $5,291,000 after purchasing an additional 126,506 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.