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

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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 MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $ 55.33.

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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.

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