Franklin Covey (NYSE:FC) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Franklin Covey from “hold” to “buy,” although the broader analyst consensus remains “Hold” with an average price target of $27.50.
• Franklin Covey reported quarterly EPS of $0.27, beating estimates of $0.24, while revenue of $67.81 million fell slightly short of the $68.33 million consensus forecast.
• The stock opened at $20.39, with a market capitalization of approximately $230.2 million; institutional investors own nearly 70% of the company’s shares.

Franklin Covey (NYSE:FC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

A number of other research firms have also recently commented on FC. National Bank Financial upgraded Franklin Covey to a "hold" rating in a research note on Sunday, June 28th. Roth Capital lifted their price target on Franklin Covey from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings raised Franklin Covey from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Franklin Covey in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.50.

Franklin Covey Stock Performance

NYSE:FC opened at $20.39 on Friday. Franklin Covey has a 52-week low of $11.16 and a 52-week high of $26.81. The firm has a market capitalization of $230.20 million, a price-to-earnings ratio of 119.94, a P/E/G ratio of 1.06 and a beta of 0.80. The stock has a fifty day moving average of $21.41 and a 200 day moving average of $20.10.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. During the same period last year, the business posted ($0.11) earnings per share. Equities analysts forecast that Franklin Covey will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors and hedge funds have recently made changes to their positions in FC. Legal & General Group Plc bought a new position in shares of Franklin Covey during the second quarter valued at $25,000. Wiser Advisor Group LLC bought a new position in Franklin Covey in the 3rd quarter worth about $35,000. Compass Financial Management LLC purchased a new stake in Franklin Covey during the 2nd quarter valued at about $36,000. BNP Paribas Financial Markets grew its position in Franklin Covey by 98.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider's stock valued at $43,000 after purchasing an additional 1,112 shares during the last quarter. Finally, Amundi bought a new stake in Franklin Covey during the 1st quarter valued at about $58,000. Institutional investors own 69.88% of the company's stock.

About Franklin Covey

Franklin Covey Co NYSE: FC is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source