Franklin Covey (NYSE:FC) Upgraded at StockNews.com

StockNews.com upgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a strong-buy rating in a report issued on Saturday.

FC has been the subject of several other research reports. Barrington Research reissued an outperform rating and set a $45.00 target price on shares of Franklin Covey in a research note on Thursday. Roth Mkm reiterated a buy rating and set a $50.00 price objective on shares of Franklin Covey in a research report on Thursday. Finally, Northland Securities cut their target price on shares of Franklin Covey from $100.00 to $95.00 and set an outperform rating on the stock in a research report on Thursday, March 28th.

Franklin Covey Stock Up 3.4 %

Shares of FC opened at $38.00 on Friday. The firm has a 50 day simple moving average of $37.22 and a two-hundred day simple moving average of $38.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. Franklin Covey has a one year low of $32.19 and a one year high of $48.76. The company has a market cap of $504.26 million, a P/E ratio of 28.36, a P/E/G ratio of 1.08 and a beta of 1.24.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FC. Allspring Global Investments Holdings LLC bought a new stake in Franklin Covey during the 1st quarter worth approximately $59,000. Mather Group LLC. acquired a new position in shares of Franklin Covey during the first quarter worth $73,000. SG Americas Securities LLC grew its stake in shares of Franklin Covey by 46.3% in the fourth quarter. SG Americas Securities LLC now owns 3,566 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,128 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Franklin Covey by 92.7% in the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 2,699 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in Franklin Covey during the 1st quarter worth $241,000. 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.