Franklin Covey (NYSE:FC) Earns Outperform Rating from Barrington Research

Franklin Covey (NYSE:FCGet Free Report)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $45.00 price objective on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 30.62% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Northland Securities cut 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. StockNews.com upgraded shares of Franklin Covey from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $66.33.

View Our Latest Stock Analysis on FC

Franklin Covey Stock Up 0.1 %

Shares of Franklin Covey stock traded up $0.05 during trading hours on Tuesday, hitting $34.45. The company had a trading volume of 2,418 shares, compared to its average volume of 82,436. The company’s 50-day moving average is $37.94 and its two-hundred day moving average is $39.28. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $48.76. 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 company has a market cap of $457.15 million, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.01 and a beta of 1.25.

Franklin Covey (NYSE:FCGet Free Report) last released 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. The firm had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. Franklin Covey had a net margin of 6.13% and a return on equity of 23.23%. Analysts anticipate that Franklin Covey will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Several hedge funds have recently modified their holdings of FC. Hancock Whitney Corp boosted its position in shares of Franklin Covey by 6.2% in the first quarter. Hancock Whitney Corp now owns 6,670 shares of the business services provider’s stock worth $262,000 after acquiring an additional 390 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of Franklin Covey by 0.8% in the first quarter. Bares Capital Management Inc. now owns 461,661 shares of the business services provider’s stock worth $18,125,000 after acquiring an additional 3,570 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Franklin Covey by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 140,838 shares of the business services provider’s stock worth $5,529,000 after acquiring an additional 6,207 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Franklin Covey by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,865 shares of the business services provider’s stock worth $702,000 after acquiring an additional 2,360 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of 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 worth $220,000 after acquiring an additional 2,699 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

About Franklin Covey

(Get Free Report)

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.

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