Franklin Covey (NYSE:FC) Given New $27.00 Price Target at Barrington Research

Franklin Covey (NYSE:FC) had its price target decreased by Barrington Research from $35.00 to $27.00 in a research report report published on Tuesday,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Separately, Roth Capital reduced their price objective on shares of 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, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $27.00.

Franklin Covey Trading Up 1.3%

FC opened at $19.1550 on Tuesday. Franklin Covey has a one year low of $18.32 and a one year high of $44.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.81. The business has a 50 day simple moving average of $20.74 and a two-hundred day simple moving average of $24.36. The firm has a market capitalization of $242.12 million, a price-to-earnings ratio of 24.25, a PEG ratio of 1.52 and a beta of 0.91.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.26. The firm had revenue of $67.12 million for the quarter, compared to analyst estimates of $67.49 million. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.During the same period last year, the company earned $0.46 EPS. Franklin Covey has set its FY 2025 guidance at EPS. Analysts predict that Franklin Covey will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Franklin Covey

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Franklin Covey by 152.2% during 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Franklin Covey by 6,758.6% in the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the business services provider’s stock worth $55,000 after buying an additional 1,960 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Franklin Covey during the 4th quarter valued at approximately $56,000. Amundi bought a new position in Franklin Covey during the 1st quarter valued at approximately $58,000. Finally, US Bancorp DE purchased a new position in Franklin Covey during the first quarter valued at $63,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

About Franklin Covey

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.