Franklin Covey (NYSE:FC) Price Target Cut to $27.00 by Analysts at Barrington Research

Franklin Covey (NYSE:FC) had its target price reduced by Barrington Research from $35.00 to $27.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Separately, Roth Capital lowered their target price on Franklin Covey from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $27.00.

Franklin Covey Price Performance

NYSE:FC opened at $19.6460 on Tuesday. The business’s 50-day moving average price is $20.88 and its 200 day moving average price is $24.52. The firm has a market cap of $248.36 million, a P/E ratio of 24.87, a PEG ratio of 1.56 and a beta of 0.91. Franklin Covey has a 52-week low of $18.32 and a 52-week high of $44.16. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, July 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.26. The firm had revenue of $67.12 million for the quarter, compared to analyst estimates of $67.49 million. Franklin Covey had a return on equity of 19.08% and a net margin of 3.81%.During the same period in the previous year, the company earned $0.46 earnings per share. Franklin Covey has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Franklin Covey will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Franklin Covey

A number of institutional investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its position in Franklin Covey by 564.6% during the 1st quarter. Royce & Associates LP now owns 935,669 shares of the business services provider’s stock worth $25,843,000 after acquiring an additional 794,876 shares during the period. Russell Investments Group Ltd. boosted its position in Franklin Covey by 3,724.8% during the 1st quarter. Russell Investments Group Ltd. now owns 156,127 shares of the business services provider’s stock worth $4,312,000 after acquiring an additional 152,045 shares during the period. Acadian Asset Management LLC boosted its position in Franklin Covey by 45.4% during the 1st quarter. Acadian Asset Management LLC now owns 422,357 shares of the business services provider’s stock worth $11,660,000 after acquiring an additional 131,872 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in Franklin Covey during the 1st quarter worth about $2,579,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Franklin Covey by 54.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 197,021 shares of the business services provider’s stock worth $4,496,000 after acquiring an additional 69,168 shares during the period. Hedge funds and other 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.