Franklin Covey (NYSE:FC) Stock Rating Upgraded by StockNews.com

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

Separately, Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Price Performance

Shares of FC opened at $36.63 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. Franklin Covey has a twelve month low of $33.75 and a twelve month high of $44.96. The stock has a market capitalization of $482.93 million, a P/E ratio of 21.05, a P/E/G ratio of 1.35 and a beta of 1.24. The company has a 50 day moving average of $39.56 and a 200-day moving average of $38.89.

Franklin Covey (NYSE:FC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. The firm had revenue of $84.12 million for the quarter, compared to analyst estimates of $80.38 million. As a group, equities research analysts forecast that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently modified their holdings of FC. Barclays PLC grew its holdings in Franklin Covey by 178.9% during the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 21,489 shares during the period. Geode Capital Management LLC boosted its stake in shares of Franklin Covey by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 295,182 shares of the business services provider’s stock worth $12,143,000 after acquiring an additional 8,888 shares during the period. Dean Investment Associates LLC acquired a new position in shares of Franklin Covey during the 3rd quarter worth approximately $2,259,000. EP Wealth Advisors LLC raised its stake in Franklin Covey by 9.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 1,541 shares during the period. Finally, State Street Corp lifted its holdings in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after purchasing an additional 5,955 shares during the last quarter. 69.88% 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, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.