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

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

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. “

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

FC opened at $23.95 on Thursday. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $31.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market capitalization of $315.67 million, a PE ratio of -46.06 and a beta of 0.95.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Wednesday, January 9th. The business services provider reported ($0.10) earnings per share for the quarter, beating the 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 analysts’ expectations of $51.22 million. As a group, sell-side analysts predict that Franklin Covey will post -0.01 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. bought a new position in Franklin Covey in the second quarter worth $226,000. FMR LLC bought a new position in Franklin Covey in the third quarter worth $5,343,000. Centaurus Financial Inc. bought a new position in Franklin Covey in the second quarter worth $373,000. Strs Ohio lifted its position in Franklin Covey by 11.2% in the third quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock worth $678,000 after purchasing an additional 2,900 shares during the period. Finally, Bridgeway Capital Management Inc. bought a new position in Franklin Covey in the third quarter worth $591,000. 44.77% of the stock is owned by hedge funds and other institutional investors.

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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