Franklin Covey (NYSE:FC) Price Target Cut to $27.00 by Analysts at Roth Capital

Franklin Covey (NYSE:FC - Free Report) had its price target reduced by Roth Capital from $30.00 to $27.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the business services provider's stock.

Several other equities analysts have also commented on the company. Wall Street Zen lowered Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Barrington Research reaffirmed an "outperform" rating and issued a $35.00 target price on shares of Franklin Covey in a research report on Thursday.

Franklin Covey Trading Down 3.4%

FC traded down $0.76 during midday trading on Monday, hitting $21.34. The company's stock had a trading volume of 215,980 shares, compared to its average volume of 96,909. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.03. The firm has a market cap of $277.21 million, a P/E ratio of 27.01, a PEG ratio of 2.32 and a beta of 0.86. The firm has a 50-day moving average price of $22.56 and a two-hundred day moving average price of $27.82. Franklin Covey has a 52-week low of $18.94 and a 52-week high of $44.46.

Franklin Covey (NYSE:FC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 2nd. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.26. Franklin Covey had a return on equity of 18.28% and a net margin of 3.81%. The company had revenue of $67.12 million during the quarter, compared to analysts' expectations of $67.49 million. During the same quarter in the previous year, the business earned $0.46 EPS. On average, research analysts anticipate that Franklin Covey will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its stake in Franklin Covey by 152.2% in the first quarter. Versant Capital Management Inc now owns 976 shares of the business services provider's stock valued at $27,000 after acquiring an additional 589 shares during the period. Aquatic Capital Management LLC bought a new position in Franklin Covey during the 4th quarter worth $56,000. GAMMA Investing LLC grew its stake in Franklin Covey by 6,758.6% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider's stock worth $55,000 after buying an additional 1,960 shares during the last quarter. Amundi bought a new position in Franklin Covey during the 1st quarter worth $58,000. Finally, Tower Research Capital LLC TRC grew its stake in Franklin Covey by 509.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,156 shares of the business services provider's stock worth $81,000 after buying an additional 1,802 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

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.