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

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

Separately, Barrington Research cut their target price on Franklin Covey from $45.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday.

Franklin Covey Stock Performance

Franklin Covey stock opened at $20.67 on Thursday. The firm has a market capitalization of $272.71 million, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. The company’s 50-day moving average is $32.18 and its 200 day moving average is $35.90. Franklin Covey has a 1-year low of $19.54 and a 1-year high of $44.46. 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 posted its quarterly earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. The business had revenue of $59.61 million for the quarter, compared to the consensus estimate of $62.24 million. Research analysts forecast that Franklin Covey will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

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