Barrington Research Reaffirms Outperform Rating for Franklin Covey (NYSE:FC)

Franklin Covey (NYSE:FC)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $45.00 target price on the business services provider’s stock. Barrington Research’s target price points to a potential upside of 58.39% from the company’s previous close.

Separately, StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

Franklin Covey Price Performance

Franklin Covey stock opened at $28.41 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. Franklin Covey has a 52 week low of $27.97 and a 52 week high of $44.46. The stock has a market capitalization of $374.90 million, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The stock has a fifty day moving average of $33.48 and a 200-day moving average of $36.74.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. On average, sell-side analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

A number of institutional investors have recently made changes to their positions in FC. New York State Teachers Retirement System bought a new stake in shares of Franklin Covey in the 4th quarter valued at about $38,000. Aquatic Capital Management LLC bought a new stake in shares of Franklin Covey in the 4th quarter valued at about $56,000. R Squared Ltd bought a new stake in shares of Franklin Covey in the 4th quarter valued at about $57,000. Wiser Advisor Group LLC grew its position in shares of Franklin Covey by 100.2% in the 4th quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock valued at $68,000 after buying an additional 907 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Franklin Covey by 509.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider’s stock valued at $81,000 after buying an additional 1,802 shares during the last quarter. Institutional investors 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.