Franklin Covey (NYSE:FC) Downgraded by StockNews.com to “Buy”

Franklin Covey (NYSE:FC) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Separately, Barrington Research reiterated an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a research note on Thursday, November 7th.

Franklin Covey Trading Down 2.8 %

Shares of FC traded down $0.88 on Monday, hitting $30.37. 244,415 shares of the stock traded hands, compared to its average volume of 136,674. The stock’s 50 day moving average is $36.77 and its two-hundred day moving average is $38.93. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.03. Franklin Covey has a 1 year low of $28.99 and a 1 year high of $44.46. The firm has a market capitalization of $400.40 million, a P/E ratio of 17.45, a P/E/G ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. As a group, sell-side analysts predict that Franklin Covey will post 1.36 earnings per share for the current year.

Institutional Trading of Franklin Covey

A number of institutional investors and hedge funds have recently made changes to their positions in FC. B. Riley Wealth Advisors Inc. acquired a new position in Franklin Covey during the 2nd quarter valued at about $17,022,000. Barclays PLC grew its holdings in shares of Franklin Covey by 178.9% during the 3rd quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after acquiring an additional 21,489 shares in the last quarter. State Street Corp raised its position in Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after acquiring an additional 5,955 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Franklin Covey by 137.2% during the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock valued at $9,993,000 after buying an additional 140,537 shares in the last quarter. Finally, Creative Planning bought a new stake in Franklin Covey during the third quarter worth approximately $301,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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.