Roth Mkm Reiterates “Buy” Rating for Franklin Covey (NYSE:FC)

Franklin Covey (NYSE:FC)‘s stock had its “buy” rating reissued by equities researchers at Roth Mkm in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $50.00 price objective on the business services provider’s stock. Roth Mkm’s price target suggests a potential upside of 31.58% from the stock’s current price.

Several other research firms have also commented on FC. StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Friday, June 21st. Northland Securities decreased their price objective on shares of Franklin Covey from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Finally, Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research report on Thursday.

Franklin Covey Price Performance

NYSE:FC opened at $38.00 on Thursday. Franklin Covey has a one year low of $32.19 and a one year high of $48.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $504.26 million, a price-to-earnings ratio of 28.36, a PEG ratio of 1.02 and a beta of 1.24. The firm’s fifty day moving average is $37.22 and its two-hundred day moving average is $39.00.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Franklin Covey had a net margin of 6.50% and a return on equity of 24.90%. The company had revenue of $61.34 million for the quarter, compared to analyst estimates of $62.03 million. Research analysts expect that Franklin Covey will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Partners Capital Investment Group LLP acquired a new position in shares of Franklin Covey during the 4th quarter worth about $404,000. Hsbc Holdings PLC raised its position in shares of Franklin Covey by 120.4% during the 3rd quarter. Hsbc Holdings PLC now owns 14,224 shares of the business services provider’s stock worth $609,000 after purchasing an additional 7,770 shares during the last quarter. Worth Venture Partners LLC raised its position in shares of Franklin Covey by 8.7% during the 3rd quarter. Worth Venture Partners LLC now owns 48,178 shares of the business services provider’s stock worth $2,068,000 after purchasing an additional 3,855 shares during the last quarter. Legato Capital Management LLC raised its position in shares of Franklin Covey by 8.8% during the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after purchasing an additional 489 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of Franklin Covey by 54.7% during the 3rd quarter. Quadrature Capital Ltd now owns 9,021 shares of the business services provider’s stock worth $387,000 after purchasing an additional 3,189 shares during the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

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.