Franklin Covey (FC) Lifted to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a research note published on Saturday.

FC has been the topic of a number of other reports. Zacks Investment Research cut Franklin Covey from a hold rating to a strong sell rating in a research report on Friday. B. Riley lowered their price target on Franklin Covey from $31.00 to $30.00 and set a buy rating on the stock in a research report on Monday, September 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $31.33.

FC opened at $22.89 on Friday. The company has a market cap of $326.28 million, a PE ratio of -44.02, a PEG ratio of 9.77 and a beta of 1.01. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Franklin Covey has a 1 year low of $18.00 and a 1 year high of $31.20.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Friday, November 9th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $64.82 million for the quarter, compared to the consensus estimate of $66.65 million. Franklin Covey had a negative net margin of 2.81% and a negative return on equity of 8.84%. As a group, research analysts predict that Franklin Covey will post 0.16 earnings per share for the current year.

A number of large investors have recently made changes to their positions in FC. Acadian Asset Management LLC acquired a new position in Franklin Covey in the second quarter worth $212,000. Cambridge Investment Research Advisors Inc. acquired a new position in Franklin Covey in the second quarter worth $226,000. Centaurus Financial Inc. acquired a new position in Franklin Covey in the second quarter worth $373,000. Strs Ohio boosted its stake in Franklin Covey by 11.2% in the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after purchasing an additional 2,900 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Franklin Covey by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock worth $698,000 after purchasing an additional 2,678 shares in the last quarter. Hedge funds and other institutional investors own 46.49% of the company’s stock.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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