Franklin Covey Co. (NYSE:FC) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.50.
Several research firms recently issued reports on FC. William Blair reissued a “market perform” rating on shares of Franklin Covey in a research report on Friday. Barrington Research restated an “outperform” rating on shares of Franklin Covey in a research note on Thursday, October 29th. Zacks Investment Research upgraded Franklin Covey from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. B. Riley lowered their price objective on Franklin Covey from $30.00 to $25.00 in a research note on Friday, July 10th. Finally, ValuEngine downgraded Franklin Covey from a “buy” rating to a “hold” rating in a research note on Thursday, October 1st.
Shares of FC opened at $20.89 on Friday. The business’s 50 day moving average is $17.86 and its two-hundred day moving average is $19.58. Franklin Covey has a 52-week low of $12.61 and a 52-week high of $41.85. The firm has a market cap of $289.91 million, a price-to-earnings ratio of -61.44 and a beta of 1.50. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.80.
Franklin Covey (NYSE:FC) last announced its earnings results on Thursday, November 5th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.32. Franklin Covey had a positive return on equity of 7.66% and a negative net margin of 2.12%. On average, equities analysts expect that Franklin Covey will post -0.26 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Franklin Covey by 543.7% during the third quarter. BNP Paribas Arbitrage SA now owns 2,948 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 2,490 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Franklin Covey in the 2nd quarter worth about $146,000. Marshall Wace LLP lifted its stake in Franklin Covey by 305.4% in the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after acquiring an additional 5,475 shares in the last quarter. American International Group Inc. lifted its stake in Franklin Covey by 32.8% in the 2nd quarter. American International Group Inc. now owns 7,661 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Franklin Covey in the 2nd quarter worth about $230,000. 61.02% of the stock is owned by institutional investors and hedge funds.
About Franklin Covey
Franklin Covey Co provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International Licensees, and Education Practice.
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