StockNews.com Lowers Franklin Covey (NYSE:FC) to Buy

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

Several other equities research analysts also recently issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $50.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th. Barrington Research reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Franklin Covey in a research note on Thursday, June 27th.

Franklin Covey Trading Down 1.2 %

NYSE:FC opened at $40.98 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85. The business’s 50-day simple moving average is $40.05 and its 200-day simple moving average is $39.01. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $44.96. The stock has a market capitalization of $536.59 million, a PE ratio of 30.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24.

Institutional Trading of Franklin Covey

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey during the first quarter worth $59,000. Mather Group LLC. acquired a new position in shares of Franklin Covey during the 1st quarter worth about $73,000. O Keefe Stevens Advisory Inc. acquired a new position in shares of Franklin Covey during the 2nd quarter worth about $202,000. Lazard Asset Management LLC grew its holdings in shares of Franklin Covey by 92.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 2,699 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Franklin Covey in the second quarter valued at about $226,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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.