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

Franklin Covey (NYSE:FC) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

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

Franklin Covey Price Performance

Shares of NYSE:FC opened at $36.63 on Wednesday. Franklin Covey has a 12 month low of $33.75 and a 12 month high of $44.96. The firm has a market capitalization of $482.93 million, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. The business’s 50 day simple moving average is $39.46 and its 200-day simple moving average is $38.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FC. O Keefe Stevens Advisory Inc. purchased a new stake in Franklin Covey in the 2nd quarter worth approximately $202,000. Lazard Asset Management LLC grew its position in shares of Franklin Covey by 92.7% in the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 2,699 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Franklin Covey in the second quarter valued at $226,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Franklin Covey in the first quarter valued at $241,000. Finally, Point72 Asset Management L.P. purchased a new position in Franklin Covey during the second quarter worth about $248,000. Institutional investors and hedge funds own 69.88% of the company’s stock.

About Franklin Covey

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.