Franklin Covey (NYSE:FC) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Franklin Covey (NYSE:FC) from a hold rating to a buy rating in a research note issued to investors on Sunday.

FC has been the topic of a number of other reports. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Franklin Covey in a research note on Thursday, July 2nd. Roth Capital upped their price target on Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. National Bank Financial raised Franklin Covey to a “hold” rating in a report on Sunday, June 28th. Finally, Weiss Ratings raised Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.50.

Franklin Covey Stock Up 0.1%

Franklin Covey stock opened at $20.39 on Friday. The company has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $20.10. The firm has a market capitalization of $230.20 million, a price-to-earnings ratio of 119.94, a PEG ratio of 1.06 and a beta of 0.80. Franklin Covey has a 52-week low of $11.16 and a 52-week high of $26.81.

Franklin Covey (NYSE:FC) last posted its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The firm had revenue of $67.81 million for the quarter, compared to the consensus estimate of $68.33 million. During the same period last year, the firm posted ($0.11) earnings per share. On average, research analysts anticipate that Franklin Covey will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors have recently bought and sold shares of FC. Legal & General Group Plc acquired a new position in Franklin Covey in the 2nd quarter valued at about $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Franklin Covey during the 3rd quarter worth approximately $35,000. Compass Financial Management LLC purchased a new stake in shares of Franklin Covey during the 2nd quarter valued at approximately $36,000. BNP Paribas Financial Markets raised its position 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 valued at $43,000 after buying an additional 1,112 shares during the period. Finally, Amundi acquired a new position in Franklin Covey in the first quarter valued at approximately $58,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.