Franklin Covey (NYSE:FC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Franklin Covey (NYSE:FC) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Several other research analysts also recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Franklin Covey in a report on Thursday, July 2nd. Weiss Ratings upgraded Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. National Bank Financial upgraded Franklin Covey to a “hold” rating in a research note on Sunday, June 28th. Finally, Roth Capital raised their price objective on Franklin Covey from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.50.

Franklin Covey Price Performance

Franklin Covey stock opened at $19.56 on Friday. The business has a 50 day simple moving average of $21.27 and a 200 day simple moving average of $20.11. The company has a market capitalization of $220.83 million, a PE ratio of 115.06, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76. Franklin Covey has a one year low of $11.16 and a one year high of $26.81.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $67.81 million for the quarter, compared to analysts’ expectations of $68.33 million. Franklin Covey had a return on equity of 17.37% and a net margin of 0.83%.During the same period in the prior year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Franklin Covey will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Several hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC bought a new stake in shares of Franklin Covey during the second quarter worth approximately $36,000. Legal & General Group Plc bought a new position in shares of Franklin Covey during the second quarter worth approximately $25,000. Wiser Advisor Group LLC acquired a new stake in Franklin Covey during the 3rd quarter worth approximately $35,000. Amundi acquired a new stake in Franklin Covey during the 1st quarter worth approximately $58,000. Finally, BNP Paribas Financial Markets boosted its stake in Franklin Covey by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 1,112 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

About Franklin Covey

Franklin Covey Co (NYSE:FC) is a global consulting and training firm specializing in performance improvement solutions for individuals and organizations. The company offers a range of services, including leadership development, productivity tools, execution frameworks and assessments designed to foster personal effectiveness and drive business results. Its flagship offerings integrate training workshops, digital resources and coaching to support clients in areas such as strategic planning, team productivity and change management.

The origins of Franklin Covey trace back to the merger in 1997 of Franklin Quest Co, founded in 1983 by Hyrum W.