Franklin Covey (NYSE:FC) Price Target Raised to $35.00


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Franklin Covey (NYSE:FC) had its target price upped by Barrington Research from $30.00 to $35.00 in a report issued on Monday morning, The Fly reports. They currently have an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for Franklin Covey’s Q3 2021 earnings at ($0.10) EPS, Q4 2021 earnings at $0.14 EPS, FY2021 earnings at ($0.02) EPS and FY2022 earnings at $0.43 EPS.

Separately, Zacks Investment Research downgraded shares of Franklin Covey from a buy rating to a hold rating in a research note on Tuesday, January 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Franklin Covey presently has an average rating of Hold and an average target price of $30.75.

Franklin Covey stock opened at $29.16 on Monday. The company has a 50 day moving average price of $27.25 and a 200-day moving average price of $23.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 0.99. Franklin Covey has a fifty-two week low of $16.50 and a fifty-two week high of $30.88. The company has a market capitalization of $409.29 million, a PE ratio of -41.66, a P/E/G ratio of 50.71 and a beta of 1.64.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, January 6th. The business services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.08. The company had revenue of $48.32 million during the quarter, compared to the consensus estimate of $48.03 million. Franklin Covey had a negative net margin of 5.20% and a positive return on equity of 2.45%. On average, analysts forecast that Franklin Covey will post 0.03 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of Franklin Covey by 102.1% during the fourth quarter. Citigroup Inc. now owns 2,427 shares of the business services provider’s stock valued at $54,000 after buying an additional 1,226 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Franklin Covey by 459.5% during the third quarter. Great West Life Assurance Co. Can now owns 3,721 shares of the business services provider’s stock valued at $167,000 after buying an additional 3,056 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Franklin Covey during the fourth quarter valued at $162,000. Marshall Wace LLP grew its holdings in shares of Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after buying an additional 5,475 shares during the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Franklin Covey during the fourth quarter valued at $166,000. 57.62% 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, leadership, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International Licensees, and Education Practice.

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