Franklin Covey (NYSE:FC) Upgraded to Strong-Buy at StockNews.com

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

A number of other analysts have also recently commented on the company. Barrington Research reduced their price objective on Franklin Covey from $55.00 to $45.00 and set an outperform rating for the company in a research report on Thursday. Northland Securities reduced their price objective on Franklin Covey from $100.00 to $95.00 and set an outperform rating for the company in a research report on Thursday. Finally, Roth Mkm reduced their price objective on Franklin Covey from $61.00 to $59.00 and set a buy rating for the company in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $66.33.

Franklin Covey Trading Up 2.3 %

Shares of NYSE:FC opened at $39.17 on Thursday. The company has a market cap of $520.57 million, a P/E ratio of 30.36, a PEG ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.84. Franklin Covey has a 1 year low of $32.19 and a 1 year high of $48.76. The stock’s fifty day moving average price is $39.79 and its 200-day moving average price is $40.07.

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, beating analysts’ consensus estimates of $0.19 by $0.17. The firm had revenue of $68.40 million for the quarter, compared to the consensus estimate of $65.88 million. Franklin Covey had a return on equity of 22.81% and a net margin of 6.43%. Sell-side analysts expect that Franklin Covey will post 1.69 earnings per share for the current year.

Institutional Trading of Franklin Covey

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in Franklin Covey by 120.4% in the third quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock worth $609,000 after buying an additional 7,770 shares in the last quarter. Worth Venture Partners LLC increased its position in Franklin Covey by 8.7% in the third quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock worth $2,068,000 after buying an additional 3,855 shares in the last quarter. Quadrature Capital Ltd increased its position in Franklin Covey by 54.7% in the third quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock worth $387,000 after buying an additional 3,189 shares in the last quarter. Legato Capital Management LLC increased its position in Franklin Covey by 8.8% in the fourth quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after buying an additional 489 shares in the last quarter. Finally, Trexquant Investment LP increased its position in Franklin Covey by 81.1% in the third quarter. Trexquant Investment LP now owns 18,964 shares of the business services provider’s stock worth $814,000 after buying an additional 8,490 shares in the last quarter. 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.