Zacks Investment Research Upgrades Franklin Covey (NYSE:FC) to Buy

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Franklin Covey (NYSE:FC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm presently has a $39.00 price target on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.67% from the stock’s previous close.

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 research analysts have also issued reports on FC. ValuEngine lowered Franklin Covey from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barrington Research lifted their target price on Franklin Covey from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 28th. Roth Capital lifted their target price on Franklin Covey from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, B. Riley lifted their target price on Franklin Covey from $35.00 to $42.50 and gave the company a “buy” rating in a report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.38.

NYSE:FC opened at $35.89 on Tuesday. The firm has a market cap of $486.58 million, a PE ratio of -69.02, a price-to-earnings-growth ratio of 4.94 and a beta of 0.85. The stock has a fifty day moving average price of $35.70 and a 200 day moving average price of $33.00. Franklin Covey has a 12-month low of $20.52 and a 12-month high of $39.31. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31.

A number of hedge funds and other institutional investors have recently made changes to their positions in FC. Bank of Montreal Can lifted its holdings in Franklin Covey by 82,600.0% during the 2nd quarter. Bank of Montreal Can now owns 827 shares of the business services provider’s stock worth $28,000 after buying an additional 826 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Franklin Covey by 162.9% in the 2nd quarter. Acadian Asset Management LLC now owns 2,111 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 1,308 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Franklin Covey by 305.4% in the 1st quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 5,475 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Franklin Covey in the 3rd quarter valued at about $222,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Franklin Covey in the 2nd quarter valued at about $294,000. 46.22% of the stock is 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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