Franklin Covey (NYSE:FC) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FCGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.93 and traded as high as $21.29. Franklin Covey shares last traded at $20.6040, with a volume of 45,797 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FC shares. Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Roth Capital boosted their price target on shares of Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. National Bank Financial upgraded shares of Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Franklin Covey in a report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.50.

Read Our Latest Stock Report on Franklin Covey

Franklin Covey Trading Down 1.3%

The business has a fifty day moving average of $22.76 and a 200-day moving average of $19.93. The firm has a market cap of $232.62 million, a PE ratio of 121.20, a PEG ratio of 1.09 and a beta of 0.80.

Franklin Covey (NYSE:FCGet Free Report) last posted its earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $68.33 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, equities analysts forecast that Franklin Covey Company will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Franklin Covey

Hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Franklin Covey by 70.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock worth $20,433,000 after acquiring an additional 434,965 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in Franklin Covey by 0.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after purchasing an additional 1,811 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in Franklin Covey by 6.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock valued at $8,064,000 after purchasing an additional 30,035 shares during the period. Federated Hermes Inc. boosted its holdings in Franklin Covey by 83.9% in the 4th quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock valued at $6,316,000 after purchasing an additional 171,744 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Franklin Covey by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 301,459 shares of the business services provider’s stock valued at $5,060,000 after purchasing an additional 1,626 shares in the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

About Franklin Covey

(Get Free Report)

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.

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