StockNews.com Downgrades Franklin Covey (NYSE:FC) to Buy

Franklin Covey (NYSE:FC) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

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

Franklin Covey Trading Up 3.8 %

Shares of FC stock opened at $31.53 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. The firm has a market cap of $415.69 million, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The business has a 50-day moving average price of $36.58 and a two-hundred day moving average price of $38.89. Franklin Covey has a 12-month low of $28.99 and a 12-month high of $44.46.

Franklin Covey (NYSE:FC) last issued its earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share (EPS) 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%. Equities analysts anticipate that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Trading of Franklin Covey

A number of institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in Franklin Covey during the 2nd quarter valued at $226,000. Point72 Asset Management L.P. bought a new position in shares of Franklin Covey during the second quarter valued at about $248,000. O Keefe Stevens Advisory Inc. raised its stake 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 acquiring an additional 1,629 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Franklin Covey during the third quarter worth about $290,000. Finally, Creative Planning bought a new stake in shares of Franklin Covey in the third quarter worth about $301,000. Hedge funds and other 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.