Franklin Covey Co. (NYSE:FC) Receives Consensus Rating of “Buy” from Brokerages

Shares of Franklin Covey Co. (NYSE:FCGet Rating) have been given a consensus rating of “Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.00.

Several research firms have weighed in on FC. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 8th. Zacks Investment Research cut Franklin Covey from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Roth Capital reaffirmed a “buy” rating on shares of Franklin Covey in a research report on Thursday, March 31st. TheStreet cut Franklin Covey from a “b” rating to a “c+” rating in a research report on Thursday, March 31st. Finally, Barrington Research boosted their price target on Franklin Covey from $55.00 to $60.00 in a research report on Friday, January 7th.

Shares of NYSE:FC opened at $43.96 on Thursday. The stock’s 50-day moving average is $45.32 and its 200 day moving average is $45.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 1.04. The company has a market cap of $630.52 million, a PE ratio of 30.74, a P/E/G ratio of 1.85 and a beta of 1.67. Franklin Covey has a 1 year low of $29.07 and a 1 year high of $52.52.

Franklin Covey (NYSE:FCGet Rating) last posted its quarterly earnings data on Wednesday, March 30th. The business services provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Franklin Covey had a return on equity of 12.53% and a net margin of 8.25%. Analysts expect that Franklin Covey will post 0.87 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Franklin Covey in the 4th quarter valued at approximately $51,000. Citigroup Inc. lifted its position in Franklin Covey by 133.6% in the 3rd quarter. Citigroup Inc. now owns 1,420 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 812 shares in the last quarter. KBC Group NV bought a new position in Franklin Covey in the 3rd quarter valued at approximately $68,000. BNP Paribas Arbitrage SA lifted its position in Franklin Covey by 377.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,252 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 1,780 shares in the last quarter. Finally, First Manhattan Co. bought a new position in Franklin Covey in the 3rd quarter valued at approximately $97,000. 55.04% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey (Get Rating)

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 three segments: Direct Offices, International Licensees, and Education Practice.

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