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

StockNews.com upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a research note released on Wednesday.

FC has been the subject of a number of other research reports. Roth Mkm reaffirmed a buy rating and set a $50.00 target price on shares of Franklin Covey in a report on Thursday, June 27th. Barrington Research reissued an outperform rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, June 27th. Finally, Northland Securities lowered their price target on shares of Franklin Covey from $100.00 to $95.00 and set an outperform rating on the stock in a research report on Thursday, March 28th.

Franklin Covey Price Performance

Franklin Covey stock opened at $42.77 on Wednesday. Franklin Covey has a 52-week low of $32.19 and a 52-week high of $48.76. The firm has a market capitalization of $559.86 million, a price-to-earnings ratio of 31.92, a PEG ratio of 1.23 and a beta of 1.24. The company has a fifty day simple moving average of $37.60 and a 200-day simple moving average of $38.85. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, June 26th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The business had revenue of $73.37 million during the quarter, compared to analyst estimates of $72.12 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that Franklin Covey will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after buying an additional 24,062 shares during the last quarter. Bares Capital Management Inc. lifted its position in Franklin Covey by 0.8% in the first quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock valued at $18,125,000 after buying an additional 3,570 shares during the last quarter. Acadian Asset Management LLC lifted its position in Franklin Covey by 12.2% in the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock valued at $9,357,000 after buying an additional 25,876 shares during the last quarter. Wasatch Advisors LP acquired a new position in Franklin Covey in the first quarter valued at about $6,862,000. Finally, Silvercrest Asset Management Group LLC lifted its position in Franklin Covey by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider’s stock valued at $5,529,000 after buying an additional 6,207 shares during 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.