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

Wall Street Zen downgraded shares of Franklin Covey (NYSE:FC) from a buy rating to a hold rating in a research note published on Saturday.

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

Franklin Covey Trading Up 1.2%

NYSE FC opened at $20.25 on Friday. The business’s 50 day moving average is $21.73 and its two-hundred day moving average is $20.08. Franklin Covey has a 12-month low of $11.16 and a 12-month high of $26.81. The stock has a market capitalization of $228.62 million, a price-to-earnings ratio of 119.12, a PEG ratio of 1.06 and a beta of 0.80.

Franklin Covey (NYSE:FC) last issued 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. 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 the consensus estimate of $68.33 million. During the same period in the prior year, the business posted ($0.11) EPS. Equities analysts forecast that Franklin Covey will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

Several hedge funds and other institutional investors have recently bought and sold shares of FC. Legal & General Group Plc purchased a new stake in Franklin Covey during the second quarter worth $25,000. State of Alaska Department of Revenue purchased a new position in shares of Franklin Covey in the fourth quarter valued at $31,000. Wiser Advisor Group LLC purchased a new position in shares of Franklin Covey in the third quarter valued at $35,000. Compass Financial Management LLC acquired a new position in shares of Franklin Covey during the 2nd quarter worth $36,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Franklin Covey by 98.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after buying an additional 1,112 shares during the last quarter. 69.88% of the stock is owned by institutional investors and hedge funds.

About Franklin Covey

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.