Weiss Ratings Reiterates Sell (D) Rating for Franklin Covey (NYSE:FC)

Key Points

• Weiss Ratings has reiterated a 'Sell (D)' rating for Franklin Covey (NYSE: FC) in their latest note to investors.
• Other analysts have adjusted their target prices for Franklin Covey, with Barrington Research lowering it from $35.00 to $27.00, while Roth Capital also reduced their target from $30.00 to $27.00.
• Institutional investors currently hold approximately 69.88% of Franklin Covey's stock, indicating significant institutional interest in the company.

Franklin Covey (NYSE:FC - Get Free Report)'s stock had its "sell (d)" rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on the company. Barrington Research dropped their target price on Franklin Covey from $35.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 19th. Roth Capital dropped their target price on Franklin Covey from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Franklin Covey presently has an average rating of "Hold" and a consensus target price of $27.00.

Franklin Covey Trading Up 1.3%

Shares of FC stock opened at $18.30 on Wednesday. The company has a 50 day moving average of $19.28 and a 200-day moving average of $21.16. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Franklin Covey has a 12-month low of $18.01 and a 12-month high of $44.16. The firm has a market cap of $231.31 million, a P/E ratio of 23.16, a PEG ratio of 1.13 and a beta of 0.86.

Institutional Investors Weigh In On Franklin Covey

Several large investors have recently added to or reduced their stakes in FC. GAMMA Investing LLC boosted its stake in Franklin Covey by 6,758.6% during 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 period. Amundi bought a new stake in shares of Franklin Covey during the 1st quarter worth $58,000. US Bancorp DE bought a new stake in shares of Franklin Covey during the 1st quarter worth $63,000. State of Wyoming lifted its holdings in shares of Franklin Covey by 12.7% during the 1st quarter. State of Wyoming now owns 6,443 shares of the business services provider's stock worth $178,000 after acquiring an additional 726 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Franklin Covey during the 2nd quarter worth $217,000. Institutional investors own 69.88% of the company's stock.

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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