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 research note published on Wednesday morning.

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

Franklin Covey Stock Performance

FC stock opened at $36.48 on Wednesday. The firm has a 50 day moving average of $39.36 and a two-hundred day moving average of $38.86. Franklin Covey has a 12 month low of $33.75 and a 12 month high of $44.96. The company has a market capitalization of $480.81 million, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.34 and a beta of 1.24. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $84.12 million during the quarter, compared to analysts’ expectations of $80.38 million. Franklin Covey had a net margin of 8.15% and a return on equity of 31.28%. As a group, equities analysts anticipate that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors have recently added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. bought a new stake in shares of Franklin Covey in the 2nd quarter valued at approximately $202,000. Lazard Asset Management LLC grew its position in 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 acquiring an additional 2,699 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Franklin Covey during the second quarter worth $226,000. State Board of Administration of Florida Retirement System acquired a new position in Franklin Covey during the first quarter worth $241,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Franklin Covey during the second quarter valued at $248,000. 69.88% of the stock is owned by institutional investors and hedge funds.

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.