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

Franklin Covey (NYSE:FC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Separately, Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a report on Thursday, November 7th.

Franklin Covey Trading Up 3.8 %

NYSE:FC opened at $31.53 on Monday. The company has a 50-day moving average price of $36.58 and a 200-day moving average price of $38.89. The stock has a market cap of $415.69 million, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.33 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. Franklin Covey has a 12 month low of $28.99 and a 12 month high of $44.46.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. Equities analysts predict that Franklin Covey will post 1.36 EPS for the current year.

Institutional Trading of Franklin Covey

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in Franklin Covey in the second quarter worth $226,000. Point72 Asset Management L.P. bought a new position in shares of Franklin Covey during the second quarter valued at $248,000. O Keefe Stevens Advisory Inc. raised its position in shares of Franklin Covey by 30.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,954 shares of the business services provider’s stock worth $286,000 after purchasing an additional 1,629 shares during the last quarter. SG Americas Securities LLC bought a new position in Franklin Covey in the 3rd quarter worth about $290,000. Finally, Creative Planning purchased a new stake in Franklin Covey during the 3rd quarter valued at about $301,000. Hedge funds and other institutional investors own 69.88% of the company’s stock.

About Franklin Covey

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.