Franklin Covey (NYSE:FC) Price Target Lowered to $95.00 at Northland Securities

Franklin Covey (NYSE:FC) had its price objective cut by Northland Securities from $100.00 to $95.00 in a research report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on FC. StockNews.com upgraded shares of Franklin Covey from a hold rating to a buy rating in a report on Thursday, February 8th. Barrington Research lowered their target price on shares of Franklin Covey from $55.00 to $45.00 and set an outperform rating on the stock in a report on Thursday. Finally, Roth Mkm lowered their target price on shares of Franklin Covey from $61.00 to $59.00 and set a buy rating on the stock in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $66.33.

Franklin Covey Stock Up 2.3 %

Shares of NYSE:FC opened at $39.17 on Thursday. The company has a fifty day moving average of $39.79 and a 200-day moving average of $40.07. The company has a market capitalization of $520.57 million, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.87. Franklin Covey has a 52-week low of $32.19 and a 52-week high of $48.76.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, January 4th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.17. The company had revenue of $68.40 million during the quarter, compared to the consensus estimate of $65.88 million. Franklin Covey had a net margin of 6.43% and a return on equity of 22.81%. On average, equities analysts predict that Franklin Covey will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Franklin Covey in the 1st quarter valued at about $27,000. Point72 Middle East FZE purchased a new stake in Franklin Covey in the 2nd quarter valued at about $29,000. CWM LLC purchased a new stake in Franklin Covey in the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC increased its stake in Franklin Covey by 289.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the business services provider’s stock valued at $49,000 after buying an additional 799 shares during the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Franklin Covey during the 3rd quarter valued at approximately $62,000. 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.