Franklin Covey (NYSE:FC) Stock Passes Above 200 Day Moving Average of $39.52

Franklin Covey Co. (NYSE:FC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.52 and traded as high as $40.11. Franklin Covey shares last traded at $39.95, with a volume of 25,792 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FC shares. StockNews.com cut Franklin Covey from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Northland Securities cut their price target on Franklin Covey from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Franklin Covey in a research note on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Franklin Covey presently has an average rating of “Buy” and an average price target of $66.33.

Franklin Covey Stock Up 1.1 %

The firm has a market capitalization of $530.14 million, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.15 and a beta of 1.19. The stock has a fifty day moving average of $39.04 and a two-hundred day moving average of $39.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.88 and a quick ratio of 0.85.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Franklin Covey had a return on equity of 23.23% and a net margin of 6.13%. The company had revenue of $61.34 million during the quarter, compared to the consensus estimate of $62.03 million. Sell-side analysts anticipate that Franklin Covey Co. will post 1.72 earnings per share for the current year.

Hedge Funds Weigh In On Franklin Covey

A number of hedge funds have recently bought and sold shares of FC. Allspring Global Investments Holdings LLC bought a new position in shares of Franklin Covey in the 1st quarter worth about $59,000. Mather Group LLC. acquired a new stake in Franklin Covey during the first quarter worth approximately $73,000. SG Americas Securities LLC bought a new stake in Franklin Covey in the third quarter worth approximately $105,000. Barclays PLC lifted its stake in Franklin Covey by 19.7% in the third quarter. Barclays PLC now owns 5,921 shares of the business services provider’s stock valued at $254,000 after buying an additional 975 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in shares of Franklin Covey by 8.8% during the 4th quarter. Legato Capital Management LLC now owns 6,047 shares of the business services provider’s stock worth $263,000 after buying an additional 489 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

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.