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

StockNews.com upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a research note released on Wednesday.

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

Franklin Covey Stock Performance

Franklin Covey stock opened at $36.63 on Wednesday. The company has a market cap of $482.93 million, a PE ratio of 21.05, a PEG ratio of 1.35 and a beta of 1.24. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. Franklin Covey has a 1 year low of $33.75 and a 1 year high of $44.96. The company’s 50-day moving average is $39.56 and its two-hundred day moving average is $38.89.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $84.12 million for the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. Equities analysts anticipate that Franklin Covey will post 1.36 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.