Franklin Covey (NYSE:FC) Shares Cross Above 200 Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.73 and traded as high as $20.93. Franklin Covey shares last traded at $20.56, with a volume of 67,809 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FC shares. Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded Franklin Covey from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Roth Capital lifted their price target on Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Franklin Covey in a research note on Thursday, July 2nd. Finally, National Bank Financial upgraded Franklin Covey to a “hold” rating in a research report on Sunday, June 28th. 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 company’s stock. According to data from MarketBeat, Franklin Covey has a consensus rating of “Hold” and an average price target of $27.50.

Franklin Covey Trading Up 0.2%

The company has a 50-day simple moving average of $22.91 and a 200 day simple moving average of $19.73. The company has a market cap of $232.12 million, a P/E ratio of 120.94, a P/E/G ratio of 1.07 and a beta of 0.80.

Franklin Covey (NYSE:FC) last released its earnings results on Wednesday, July 1st. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $67.81 million during the quarter, compared to the consensus estimate 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 last year, the company earned ($0.11) earnings per share. On average, equities analysts forecast that Franklin Covey Company will post 0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in Franklin Covey by 70.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,052,680 shares of the business services provider’s stock valued at $20,433,000 after buying an additional 434,965 shares during the period. Punch & Associates Investment Management Inc. increased its position in shares of Franklin Covey by 0.3% during the third quarter. Punch & Associates Investment Management Inc. now owns 591,318 shares of the business services provider’s stock worth $11,477,000 after acquiring an additional 1,811 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Franklin Covey by 6.2% during the first quarter. Rice Hall James & Associates LLC now owns 510,689 shares of the business services provider’s stock worth $8,064,000 after acquiring an additional 30,035 shares during the period. Federated Hermes Inc. increased its position in shares of Franklin Covey by 83.9% during the fourth quarter. Federated Hermes Inc. now owns 376,393 shares of the business services provider’s stock worth $6,316,000 after acquiring an additional 171,744 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Franklin Covey by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 301,459 shares of the business services provider’s stock valued at $5,060,000 after acquiring an additional 1,626 shares in the last quarter. Institutional investors own 69.88% of the company’s stock.

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.