FranklinCovey (NYSE:FC) had its target price raised by Roth Capital from $26.00 to $34.00 in a research note issued to investors on Friday morning. They currently have a buy rating on the business services provider’s stock.
Several other brokerages have also recently issued reports on FC. Barrington Research raised FranklinCovey from a market perform rating to an outperform rating in a report on Tuesday, January 9th. Zacks Investment Research raised FranklinCovey from a sell rating to a hold rating in a report on Wednesday, January 3rd. ValuEngine raised FranklinCovey from a hold rating to a buy rating in a report on Monday, April 2nd. Finally, B. Riley reaffirmed a buy rating and issued a $21.00 target price on shares of FranklinCovey in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $30.00.
Shares of FC stock opened at $26.35 on Friday. FranklinCovey has a 12-month low of $17.35 and a 12-month high of $31.20. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $365.16, a PE ratio of -69.34 and a beta of 1.13.
FranklinCovey (NYSE:FC) last issued its earnings results on Wednesday, April 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.19. FranklinCovey had a negative return on equity of 5.73% and a negative net margin of 2.54%. The firm had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $46.50 million. analysts predict that FranklinCovey will post -0.23 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in FranklinCovey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after acquiring an additional 740 shares in the last quarter. Jefferies Group LLC purchased a new position in FranklinCovey in the fourth quarter worth about $212,000. Wells Fargo & Company MN grew its position in FranklinCovey by 59.0% in the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock worth $223,000 after acquiring an additional 4,087 shares in the last quarter. Millennium Management LLC purchased a new position in FranklinCovey in the fourth quarter worth about $231,000. Finally, California Public Employees Retirement System grew its position in FranklinCovey by 45.2% in the third quarter. California Public Employees Retirement System now owns 19,732 shares of the business services provider’s stock worth $401,000 after acquiring an additional 6,140 shares in the last quarter. Institutional investors own 49.01% of the company’s stock.
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Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.
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