Franklin Covey (NYSE:FC) Rating Increased to Strong-Buy at StockNews.com

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

Separately, Barrington Research restated an “outperform” rating and set a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Trading Down 0.1 %

FC traded down $0.05 during trading on Wednesday, hitting $36.63. 46,998 shares of the stock were exchanged, compared to its average volume of 72,770. The firm has a 50 day simple moving average of $39.56 and a 200 day simple moving average of $38.89. The firm has a market cap of $482.78 million, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.35 and a beta of 1.24. Franklin Covey has a 1 year low of $33.75 and a 1 year high of $44.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FC. B. Riley Wealth Advisors Inc. purchased a new position in shares of Franklin Covey in the 2nd quarter valued at $17,022,000. Harbor Capital Advisors Inc. increased its holdings in shares of Franklin Covey by 137.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after acquiring an additional 140,537 shares during the period. Dean Investment Associates LLC purchased a new position in shares of Franklin Covey in the 3rd quarter valued at $2,259,000. Rice Hall James & Associates LLC increased its holdings in shares of Franklin Covey by 9.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock valued at $22,586,000 after acquiring an additional 45,312 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Franklin Covey by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock valued at $27,623,000 after acquiring an additional 24,062 shares during the period. 69.88% of the stock is currently 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.