Franklin Covey (NYSE:FC) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Franklin Covey (NYSE:FCFree Report) from a hold rating to a buy rating in a research note published on Thursday.

Several other research analysts have also recently weighed in on FC. Roth Mkm decreased their price target on shares of Franklin Covey from $61.00 to $59.00 and set a buy rating on the stock in a report on Tuesday, December 19th. Barrington Research restated an outperform rating and issued a $55.00 target price on shares of Franklin Covey in a research note on Wednesday, January 3rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $71.33.

Check Out Our Latest Research Report on Franklin Covey

Franklin Covey Stock Up 2.3 %

FC stock opened at $40.23 on Thursday. The stock has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $41.44. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $49.70. The firm has a market capitalization of $534.66 million, a PE ratio of 31.19, a PEG ratio of 1.16 and a beta of 1.25. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

Franklin Covey (NYSE:FCGet Free Report) last issued its quarterly earnings data on Thursday, January 4th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.19 by $0.17. The company had revenue of $68.40 million during the quarter, compared to analysts’ expectations of $65.88 million. Franklin Covey had a net margin of 6.43% and a return on equity of 22.81%. On average, equities analysts predict that Franklin Covey will post 1.69 EPS for the current fiscal year.

Institutional Trading of Franklin Covey

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bares Capital Management Inc. raised its position in Franklin Covey by 48.9% during the second quarter. Bares Capital Management Inc. now owns 406,461 shares of the business services provider’s stock valued at $17,754,000 after purchasing an additional 133,401 shares in the last quarter. BlackRock Inc. lifted its position in Franklin Covey by 8.3% in the 2nd quarter. BlackRock Inc. now owns 1,140,802 shares of the business services provider’s stock worth $49,830,000 after buying an additional 87,758 shares during the last quarter. Blue Grotto Capital LLC boosted its stake in Franklin Covey by 52.2% in the first quarter. Blue Grotto Capital LLC now owns 200,202 shares of the business services provider’s stock worth $9,053,000 after buying an additional 68,685 shares in the last quarter. Norges Bank bought a new position in Franklin Covey during the fourth quarter valued at approximately $3,082,000. Finally, Invesco Ltd. raised its stake in shares of Franklin Covey by 1,165.1% during the third quarter. Invesco Ltd. now owns 68,403 shares of the business services provider’s stock worth $2,936,000 after acquiring an additional 62,996 shares in the last quarter. Hedge funds and other institutional investors own 68.80% of the company’s stock.

About Franklin Covey

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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.

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