Franklin Covey (NYSE:FC) Downgraded to “Buy” Rating by StockNews.com

StockNews.com cut shares of Franklin Covey (NYSE:FC) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

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

Franklin Covey Trading Up 4.3 %

Shares of NYSE FC opened at $32.90 on Monday. Franklin Covey has a 1 year low of $28.99 and a 1 year high of $44.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. The firm has a 50-day moving average of $36.36 and a 200 day moving average of $38.85. The stock has a market cap of $433.75 million, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. As a group, sell-side analysts expect that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in Franklin Covey during the 2nd quarter valued at $226,000. Point72 Asset Management L.P. purchased a new position in shares of Franklin Covey in the second quarter worth $248,000. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Franklin Covey by 30.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 1,629 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Franklin Covey during the third quarter valued at $290,000. Finally, Creative Planning bought a new stake in Franklin Covey in the 3rd quarter worth about $301,000. Institutional investors own 69.88% of the company’s stock.

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.