Barrington Research Cuts Franklin Covey (NYSE:FC) Price Target to $35.00

Franklin Covey (NYSE:FC) had its price target decreased by Barrington Research from $45.00 to $35.00 in a research note published on Thursday,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Separately, StockNews.com lowered shares of Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 13th.

Franklin Covey Stock Performance

FC opened at $20.45 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.97. The business’s 50-day simple moving average is $32.47 and its 200 day simple moving average is $36.03. The firm has a market capitalization of $269.81 million, a PE ratio of 13.91, a PEG ratio of 1.74 and a beta of 1.29. Franklin Covey has a 52-week low of $20.00 and a 52-week high of $44.46.

Franklin Covey (NYSE:FC) last released its quarterly earnings data on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company had revenue of $59.61 million during the quarter, compared to the consensus estimate of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. As a group, sell-side analysts expect that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

A number of large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 589 shares during the period. New York State Teachers Retirement System bought a new position in Franklin Covey in the 4th quarter valued at about $38,000. Aquatic Capital Management LLC bought a new position in Franklin Covey in the 4th quarter valued at about $56,000. R Squared Ltd bought a new stake in shares of Franklin Covey during the fourth quarter worth approximately $57,000. Finally, Wiser Advisor Group LLC grew its position in shares of Franklin Covey by 100.2% in the fourth quarter. Wiser Advisor Group LLC now owns 1,812 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 907 shares during the last quarter. 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.