Franklin Covey (NYSE:FC) Stock Rating Lowered by StockNews.com

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

Other equities analysts have also recently issued reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th. Roth Mkm reaffirmed a “buy” rating and set a $50.00 price target on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Stock Performance

Shares of FC opened at $40.98 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a market capitalization of $536.59 million, a P/E ratio of 30.58, a P/E/G ratio of 0.96 and a beta of 1.24. The company’s fifty day moving average is $40.05 and its two-hundred day moving average is $39.00. Franklin Covey has a 1 year low of $32.19 and a 1 year high of $44.96.

Institutional Investors Weigh In On Franklin Covey

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Covey in the 1st quarter worth about $59,000. Mather Group LLC. acquired a new stake in shares of Franklin Covey during the 1st quarter worth about $73,000. O Keefe Stevens Advisory Inc. acquired a new stake in shares of Franklin Covey during the 2nd quarter worth about $202,000. Lazard Asset Management LLC boosted its stake in shares of Franklin Covey by 92.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock worth $220,000 after purchasing an additional 2,699 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Franklin Covey during the 2nd quarter worth about $226,000. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

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.