Franklin Covey (NYSE:FC) Given New $27.00 Price Target at Barrington Research

Key Points

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Franklin Covey (NYSE:FC - Get Free Report) had its price target decreased by stock analysts at Barrington Research from $35.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Barrington Research's price target would suggest a potential upside of 39.35% from the company's previous close.

Separately, Roth Capital decreased their price objective on shares of Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, July 7th.

Franklin Covey Stock Performance

Shares of NYSE FC opened at $19.38 on Tuesday. The company's fifty day moving average price is $20.95 and its 200 day moving average price is $24.56. Franklin Covey has a 1 year low of $18.32 and a 1 year high of $44.16. The company has a market capitalization of $244.90 million, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.84.

Franklin Covey (NYSE:FC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.26. Franklin Covey had a net margin of 3.81% and a return on equity of 19.08%. The firm had revenue of $67.12 million for the quarter, compared to the consensus estimate of $67.49 million. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, research analysts predict that Franklin Covey will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in Franklin Covey by 152.2% during the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Franklin Covey in the fourth quarter valued at about $56,000. GAMMA Investing LLC raised its position in shares of Franklin Covey by 6,758.6% in the first quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock valued at $55,000 after buying an additional 1,960 shares during the last quarter. Amundi acquired a new stake in shares of Franklin Covey in the first quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Franklin Covey by 509.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock valued at $81,000 after buying an additional 1,802 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.

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