Franklin Covey (NYSE: FC) hits new year-long high with analysts upgrade


Franklin Covey Co. (NYSE: FC) stock price hit a new 52-week high on Saturday after Zacks Investment Research downgraded the stock from a hold rating to a strong buy note. Zacks Investment Research now has a price target of $ 53.00 on the stock. Franklin Covey traded as high as $ 51.10 and last traded at $ 50.66, with a volume of 149,857 shares traded in the hands. The stock had previously closed at $ 45.74.

According to Zacks, “Franklin Covey Co. is a global learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs. , educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

Several other research analysts have also recently published reports on CF. William Blair reaffirmed a “market performance” rating on Franklin Covey shares in a research note on Wednesday, November 10. Barrington Research increased its target price on Franklin Covey from $ 55.00 to $ 60.00 in a report released Friday. Roth Capital increased its price target on Franklin Covey from $ 45.00 to $ 53.00 and gave the stock a “buy” rating in a research report on Thursday, November 11. Finally, TheStreet downgraded Franklin Covey from a “b” rating to a “c” rating in a research report released on Wednesday, November 10. One equity research analyst rated the stock with a conservation rating, two issued a buy rating, and one assigned a high buy rating to the company’s stock. Based on data from, the company has a consensus rating of “Buy” and an average target price of $ 55.33.

(A d)

Whether you are looking to learn the basics of futures or are a seasoned veterinarian looking to hone your trading skills, our technical analysis guide has everything you need to be successful in today’s futures markets. hui!

Large investors have recently increased or reduced their stakes in the company. Citigroup Inc. increased its stake in Franklin Covey shares by 133.6% in the third quarter. Citigroup Inc. now owns 1,420 shares of the business services provider valued at $ 58,000 after purchasing an additional 812 shares in the last quarter. KBC Group NV bought a new position in Franklin Covey during the third quarter for a value of approximately $ 68,000. BNP Paribas Arbitrage SA increased its stake in Franklin Covey by 377.1% during the third quarter. BNP Paribas Arbitrage SA now owns 2,252 shares of the business services provider valued at $ 92,000 after purchasing an additional 1,780 shares in the last quarter. First Manhattan Co. purchased a new position in Franklin Covey during the third quarter valued at approximately $ 97,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Franklin Covey by 13.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,186 shares of the business services provider valued at $ 130,000 after purchasing an additional 368 shares in the last quarter. 53.47% of the capital is held by institutional investors.

The company has a 50-day moving average of $ 45.83 and a 200-day moving average of $ 41.22. The company has a market cap of $ 723.83 million, a P / E ratio of 52.23, a PEG ratio of 2.72 and a beta of 1.72. The company has a quick ratio of 0.98, a current ratio of 1.00, and a debt ratio of 0.30.

Franklin Covey (NYSE: FC) last reported its results on Wednesday, January 5. The business services provider reported EPS of $ 0.27 for the quarter, beating the consensus estimate of $ 0.03 by $ 0.24. Franklin Covey had a return on equity of 5.11% and a net margin of 6.08%. In the same quarter of the previous year, the company made earnings per share ($ 0.06). Research analysts expect Franklin Covey Co. to post earnings per share of 0.62 for the current fiscal year.

About Franklin Covey (NYSE: FC)

Franklin Covey Co is a global public company focused on improving organizational performance. It operates through the following segments: direct offices, education practice, international licensees and corporate and others. The Direct Offices segment includes sales personnel serving the United States and Canada; international sales offices located in Japan, China, UK, Australia, Germany, Switzerland and Austria; government sales channel; coaching operations; and books and audio sales channel.

Recommended Story: Why Does a Company Publish an IPO?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Franklin Covey right now?

Before you consider Franklin Covey, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and Franklin Covey was not on the list.

While Franklin Covey currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here


Comments are closed.