Franklin Covey (NYSE:FC) Downgraded to Buy Rating by StockNews.com

Franklin Covey (NYSE:FC) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Franklin Covey in a research report on Thursday, November 7th.

Franklin Covey Trading Down 2.8 %

Shares of Franklin Covey stock traded down $0.88 on Monday, hitting $30.37. 244,415 shares of the company’s stock traded hands, compared to its average volume of 136,674. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.96. Franklin Covey has a one year low of $28.99 and a one year high of $44.46. The firm’s 50-day moving average price is $36.77 and its two-hundred day moving average price is $38.93. The stock has a market capitalization of $400.40 million, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 31.28% and a net margin of 8.15%. On average, research analysts expect that Franklin Covey will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Franklin Covey

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in Franklin Covey by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 21,781 shares of the business services provider’s stock valued at $828,000 after purchasing an additional 2,253 shares during the period. XTX Topco Ltd increased its position in shares of Franklin Covey by 119.4% during the second quarter. XTX Topco Ltd now owns 12,735 shares of the business services provider’s stock worth $484,000 after buying an additional 6,930 shares during the period. Sei Investments Co. raised its stake in Franklin Covey by 5.3% during the second quarter. Sei Investments Co. now owns 55,674 shares of the business services provider’s stock worth $2,116,000 after buying an additional 2,811 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Franklin Covey in the second quarter valued at $226,000. Finally, AQR Capital Management LLC boosted its position in Franklin Covey by 36.4% during the second quarter. AQR Capital Management LLC now owns 39,816 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 10,621 shares during the last quarter. Institutional investors and hedge funds own 69.88% of the company’s stock.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.