Franklin Covey (NYSE:FC) Price Target Raised to $45.00 at Barrington Research

Franklin Covey (NYSE:FC) had its price target upped by investment analysts at Barrington Research from $40.00 to $45.00 in a research report issued to clients and investors on Friday, The Fly reports. Barrington Research’s price objective would indicate a potential upside of 13.41% from the stock’s current price.

FC has been the topic of a number of other research reports. Zacks Investment Research raised Franklin Covey from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, October 29th. William Blair reaffirmed a “market perform” rating on shares of Franklin Covey in a research note on Tuesday, October 15th. ValuEngine cut Franklin Covey from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Franklin Covey in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Franklin Covey presently has a consensus rating of “Buy” and a consensus price target of $42.38.

NYSE FC traded up $1.80 during trading hours on Friday, hitting $39.68. 127,749 shares of the company were exchanged, compared to its average volume of 34,193. The stock has a 50-day moving average price of $36.15 and a 200 day moving average price of $34.06. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. Franklin Covey has a 52 week low of $20.52 and a 52 week high of $41.85. The stock has a market cap of $538.15 million, a PE ratio of -76.31, a price-to-earnings-growth ratio of 5.45 and a beta of 0.87.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Franklin Covey had a negative return on equity of 6.68% and a negative net margin of 2.28%. The company had revenue of $65.17 million for the quarter, compared to analysts’ expectations of $67.99 million. As a group, sell-side analysts anticipate that Franklin Covey will post -0.12 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Franklin Covey in the third quarter worth approximately $31,000. Russell Investments Group Ltd. bought a new position in Franklin Covey in the third quarter worth approximately $84,000. California Public Employees Retirement System grew its stake in Franklin Covey by 161.9% in the third quarter. California Public Employees Retirement System now owns 17,865 shares of the business services provider’s stock worth $625,000 after purchasing an additional 11,044 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in Franklin Covey by 5.8% in the third quarter. Rice Hall James & Associates LLC now owns 355,055 shares of the business services provider’s stock worth $12,427,000 after purchasing an additional 19,344 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in Franklin Covey in the third quarter worth approximately $81,000. 45.94% of the stock is currently owned by institutional investors.

Franklin Covey Company Profile

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 for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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