Wall Street Zen Upgrades Franklin Covey (NYSE:FC) to Buy

Franklin Covey (NYSE:FC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

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

Franklin Covey Price Performance

Shares of FC opened at $20.26 on Friday. Franklin Covey has a 1-year low of $11.16 and a 1-year high of $26.81. The company has a market capitalization of $228.74 million, a P/E ratio of 119.18, a P/E/G ratio of 1.06 and a beta of 0.80. The firm’s 50 day simple moving average is $21.35 and its 200 day simple moving average is $20.11.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Wednesday, July 1st. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Franklin Covey had a net margin of 0.83% and a return on equity of 17.37%. The business had revenue of $67.81 million during the quarter, compared to analysts’ expectations of $68.33 million. During the same quarter in the previous year, the company earned ($0.11) EPS. On average, equities analysts anticipate that Franklin Covey will post 0.96 earnings per share for the current year.

Institutional Investors Weigh In On Franklin Covey

A number of large investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in shares of Franklin Covey in the second quarter valued at about $36,000. Legal & General Group Plc purchased a new stake in shares of Franklin Covey during the second quarter worth about $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Franklin Covey during the third quarter worth about $35,000. Amundi bought a new stake in shares of Franklin Covey in the first quarter worth about $58,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Franklin Covey by 98.9% in the third quarter. BNP Paribas Financial Markets now owns 2,236 shares of the business services provider’s stock worth $43,000 after purchasing an additional 1,112 shares during the last quarter. Institutional investors own 69.88% of the company’s stock.

Franklin Covey Company Profile

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.