Franklin Covey (FC) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Franklin Covey (NYSE:FC) from a strong sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

A number of other analysts have also weighed in on FC. Barrington Research set a $30.00 target price on Franklin Covey and gave the company a buy rating in a research note on Friday, December 28th. ValuEngine upgraded Franklin Covey from a buy rating to a strong-buy rating in a research note on Saturday, November 10th. Finally, B. Riley set a $30.00 price target on Franklin Covey and gave the company a buy rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $31.33.

Shares of NYSE:FC opened at $23.95 on Thursday. Franklin Covey has a twelve month low of $20.52 and a twelve month high of $31.20. The firm has a market capitalization of $315.67 million, a PE ratio of -46.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.06 and a quick ratio of 1.02.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, January 9th. The business services provider reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.09. Franklin Covey had a negative return on equity of 7.59% and a negative net margin of 2.25%. The company had revenue of $53.83 million during the quarter, compared to analyst estimates of $51.22 million. Equities analysts anticipate that Franklin Covey will post -0.01 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its holdings in Franklin Covey by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 58,588 shares of the business services provider’s stock worth $1,439,000 after buying an additional 2,046 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Franklin Covey by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock worth $698,000 after buying an additional 2,678 shares during the last quarter. Strs Ohio boosted its holdings in Franklin Covey by 11.2% during the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after buying an additional 2,900 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Franklin Covey during the second quarter worth about $226,000. Finally, BlackRock Inc. boosted its holdings in Franklin Covey by 1.1% during the third quarter. BlackRock Inc. now owns 819,056 shares of the business services provider’s stock worth $19,369,000 after buying an additional 9,273 shares during the last quarter. Institutional investors and hedge funds own 44.77% of the company’s stock.

About Franklin Covey

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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