Franklin Covey (NYSE:FC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The firm currently has a $27.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.02% from the stock’s previous close.
According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “
FC has been the topic of several other reports. Barrington Research restated an “outperform” rating on shares of Franklin Covey in a research report on Thursday, October 29th. Roth Capital increased their price target on shares of Franklin Covey from $25.00 to $30.00 in a report on Monday. ValuEngine raised shares of Franklin Covey from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, William Blair reiterated a “market perform” rating on shares of Franklin Covey in a research report on Friday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.75.
FC opened at $24.54 on Wednesday. The firm has a market capitalization of $340.57 million, a P/E ratio of -36.09 and a beta of 1.50. Franklin Covey has a one year low of $12.61 and a one year high of $40.30. The company has a fifty day moving average price of $18.13 and a 200-day moving average price of $19.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.14 and a quick ratio of 1.11.
Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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, analysts expect that Franklin Covey will post -0.11 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its position 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 buying an additional 2,490 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Franklin Covey in the second quarter valued at about $146,000. American International Group Inc. boosted its stake in shares of Franklin Covey by 32.8% during the second quarter. American International Group Inc. now owns 7,661 shares of the business services provider’s stock worth $164,000 after buying an additional 1,894 shares during the period. Marshall Wace LLP grew its holdings in shares of Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after buying an additional 5,475 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Franklin Covey in the 2nd quarter valued at about $230,000. 61.02% 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 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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