Franklin Covey (NYSE:FC) Rating Lowered to Hold at Wall Street Zen

Franklin Covey (NYSE:FCGet Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the stock. Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of Franklin Covey in a report on Thursday, July 2nd. Roth Capital increased their target price on shares of Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings raised Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Finally, National Bank Financial upgraded Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Franklin Covey presently has a consensus rating of “Hold” and a consensus price target of $27.50.

Check Out Our Latest Stock Analysis on FC

Franklin Covey Trading Down 0.2%

FC opened at $20.25 on Friday. The business has a 50 day moving average of $21.73 and a 200-day moving average of $20.07. The stock has a market capitalization of $228.62 million, a price-to-earnings ratio of 119.12, a P/E/G ratio of 1.06 and a beta of 0.80. Franklin Covey has a 1-year low of $11.16 and a 1-year high of $26.81.

Franklin Covey (NYSE:FCGet Free Report) last announced its earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $67.81 million for 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 quarter in the previous year, the firm posted ($0.11) earnings per share. Equities analysts predict that Franklin Covey will post 0.96 EPS for the current year.

Institutional Trading of Franklin Covey

Several institutional investors have recently made changes to their positions in FC. Legal & General Group Plc bought a new stake in Franklin Covey in the second quarter valued at about $25,000. State of Alaska Department of Revenue bought a new position in Franklin Covey during the fourth quarter worth about $31,000. Wiser Advisor Group LLC bought a new position in Franklin Covey during the third quarter worth about $35,000. Compass Financial Management LLC acquired a new stake in Franklin Covey during the second quarter valued at approximately $36,000. Finally, BNP Paribas Financial Markets boosted its holdings in Franklin Covey by 98.9% during the third 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 in the last quarter. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Company Profile

(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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