Franklin Covey (NYSE:FC) Upgraded by TheStreet to B-

Franklin Covey (NYSE:FC) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other analysts also recently issued reports on FC. B. Riley reaffirmed a “buy” rating on shares of Franklin Covey in a research report on Monday, November 4th. William Blair reaffirmed a “market perform” rating on shares of Franklin Covey in a research report on Tuesday, October 15th. ValuEngine downgraded shares of Franklin Covey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Franklin Covey from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, October 29th. Finally, Barrington Research increased their price objective on shares of Franklin Covey from $40.00 to $45.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Franklin Covey currently has a consensus rating of “Buy” and a consensus target price of $42.38.

NYSE:FC traded up $0.76 during trading hours on Friday, hitting $40.26. The stock had a trading volume of 418 shares, compared to its average volume of 40,301. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $41.85. The business has a 50 day simple moving average of $36.34 and a two-hundred day simple moving average of $34.23. The company has a market cap of $554.50 million, a PE ratio of -569.29, a price-to-earnings-growth ratio of 5.61 and a beta of 0.87.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Franklin Covey had a negative net margin of 0.45% and a negative return on equity of 1.36%. The company had revenue of $65.17 million during the quarter, compared to the consensus estimate of $67.99 million. Research analysts expect that Franklin Covey will post 0.44 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. boosted its stake in Franklin Covey by 3,847.8% in the second quarter. Centaurus Financial Inc. now owns 15,199 shares of the business services provider’s stock worth $517,000 after purchasing an additional 14,814 shares in the last quarter. BlackRock Inc. boosted its position in Franklin Covey by 3.3% during the second quarter. BlackRock Inc. now owns 829,686 shares of the business services provider’s stock valued at $28,209,000 after purchasing an additional 26,863 shares during the last quarter. Cortina Asset Management LLC acquired a new position in Franklin Covey during the second quarter valued at approximately $3,454,000. Vanguard Group Inc. boosted its position in Franklin Covey by 1.3% during the second quarter. Vanguard Group Inc. now owns 543,358 shares of the business services provider’s stock valued at $18,475,000 after purchasing an additional 7,195 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Franklin Covey by 1.6% during the second quarter. Northern Trust Corp now owns 137,704 shares of the business services provider’s stock valued at $4,682,000 after purchasing an additional 2,182 shares during the last quarter. 46.19% of the stock is owned by institutional investors and hedge funds.

Franklin Covey Company Profile

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 for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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