Barrington Research Trims Franklin Covey (NYSE:FC) Target Price to $45.00

Franklin Covey (NYSE:FC) had its price objective cut by stock analysts at Barrington Research from $55.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 20.03% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Roth Mkm cut their price target on Franklin Covey from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, December 19th. StockNews.com raised shares of Franklin Covey from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $68.00.

Franklin Covey Price Performance

Shares of NYSE:FC traded down $0.81 during midday trading on Thursday, reaching $37.49. The company’s stock had a trading volume of 73,851 shares, compared to its average volume of 82,897. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $48.76. The business’s fifty day simple moving average is $39.83 and its 200-day simple moving average is $40.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.84. The company has a market capitalization of $498.24 million, a P/E ratio of 28.84, a P/E/G ratio of 1.15 and a beta of 1.22.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Thursday, January 4th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.19 by $0.17. Franklin Covey had a net margin of 6.43% and a return on equity of 22.81%. The business had revenue of $68.40 million for the quarter, compared to analysts’ expectations of $65.88 million. As a group, equities research analysts expect that Franklin Covey will post 1.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Franklin Covey by 8.3% in the second quarter. BlackRock Inc. now owns 1,140,802 shares of the business services provider’s stock valued at $49,830,000 after acquiring an additional 87,758 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Franklin Covey by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 679,541 shares of the business services provider’s stock valued at $29,580,000 after purchasing an additional 14,905 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 604,426 shares of the business services provider’s stock valued at $25,942,000 after purchasing an additional 2,047 shares during the period. Rice Hall James & Associates LLC increased its stake in Franklin Covey by 5.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 509,698 shares of the business services provider’s stock worth $21,876,000 after purchasing an additional 28,434 shares in the last quarter. Finally, Bares Capital Management Inc. raised its holdings in Franklin Covey by 11.0% during the 4th quarter. Bares Capital Management Inc. now owns 458,091 shares of the business services provider’s stock worth $19,941,000 after buying an additional 45,290 shares during the period. 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.