Franklin Covey (NYSE:FC) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Franklin Covey (NYSE:FC) from a strong-buy rating to a buy rating in a research note issued to investors on Monday.

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

Franklin Covey Trading Up 4.3 %

Shares of FC opened at $32.90 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 0.99. Franklin Covey has a fifty-two week low of $28.99 and a fifty-two week high of $44.46. The firm has a 50 day moving average price of $36.36 and a 200-day moving average price of $38.85. The firm has a market cap of $433.75 million, a price-to-earnings ratio of 18.91, a PEG ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, January 8th. The business services provider reported $0.09 earnings per share 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%. As a group, equities research analysts forecast that Franklin Covey will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Franklin Covey in the second quarter worth about $226,000. Point72 Asset Management L.P. bought a new stake in shares of Franklin Covey in the 2nd quarter worth approximately $248,000. O Keefe Stevens Advisory Inc. grew its position in shares of Franklin Covey by 30.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock worth $286,000 after buying an additional 1,629 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Franklin Covey during the third quarter valued at approximately $290,000. Finally, Creative Planning bought a new position in shares of Franklin Covey during the third quarter valued at approximately $301,000. 69.88% of the stock is owned by institutional investors.

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.