Franklin Covey (NYSE:FC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Franklin Covey from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, November 11th. William Blair reaffirmed a “market perform” rating on shares of Franklin Covey in a report on Friday, November 6th. Barrington Research reaffirmed an “outperform” rating on shares of Franklin Covey in a report on Thursday, October 29th. ValuEngine raised shares of Franklin Covey from a “hold” rating to a “buy” rating in a report on Tuesday, November 10th. Finally, Roth Capital lifted their target price on shares of Franklin Covey from $25.00 to $30.00 in a report on Monday, November 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Franklin Covey has a consensus rating of “Buy” and an average target price of $26.75.
FC opened at $22.43 on Thursday. Franklin Covey has a 12-month low of $12.61 and a 12-month high of $35.91. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $314.58 million, a PE ratio of -32.98, a P/E/G ratio of 50.16 and a beta of 1.62. The firm has a 50 day moving average of $22.80 and a two-hundred day moving average of $20.18.
Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.32. Franklin Covey had a negative net margin of 4.75% and a positive return on equity of 2.73%. The company had revenue of $48.99 million during the quarter, compared to analyst estimates of $47.93 million. As a group, analysts predict that Franklin Covey will post 0.03 EPS for the current fiscal year.
In related news, Director Esther Kay Stepp sold 4,075 shares of the business’s stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $22.61, for a total value of $92,135.75. Following the completion of the sale, the director now owns 20,615 shares of the company’s stock, valued at approximately $466,105.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 33.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in Franklin Covey by 543.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,948 shares of the business services provider’s stock worth $52,000 after acquiring an additional 2,490 shares in the last quarter. American International Group Inc. boosted its stake in Franklin Covey by 32.8% during the 2nd quarter. American International Group Inc. now owns 7,661 shares of the business services provider’s stock worth $164,000 after purchasing an additional 1,894 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Franklin Covey by 459.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,721 shares of the business services provider’s stock worth $167,000 after purchasing an additional 3,056 shares during the last quarter. Marshall Wace LLP boosted its stake in Franklin Covey by 305.4% during the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock worth $184,000 after purchasing an additional 5,475 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Franklin Covey during the 2nd quarter worth $230,000. 59.01% of the stock is owned by institutional investors.
Franklin Covey Company Profile
Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, leadership, 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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