Barrington Research Reaffirms Outperform Rating for Franklin Covey (NYSE:FC)

Franklin Covey (NYSE:FC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research report issued on Thursday, Benzinga reports. They presently have a $45.00 price target on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 23.80% from the company’s previous close.

Separately, StockNews.com upgraded Franklin Covey from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 26th.

Franklin Covey Trading Down 17.6 %

Shares of Franklin Covey stock opened at $36.35 on Thursday. The firm has a market cap of $475.82 million, a price-to-earnings ratio of 27.13, a PEG ratio of 0.95 and a beta of 1.24. The business has a 50-day moving average price of $40.36 and a 200-day moving average price of $39.15. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.06. Franklin Covey has a twelve month low of $33.75 and a twelve month high of $44.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FC. B. Riley Wealth Advisors Inc. purchased a new position in Franklin Covey in the second quarter worth about $17,022,000. Harbor Capital Advisors Inc. grew its position in Franklin Covey by 137.2% in the third quarter. Harbor Capital Advisors Inc. now owns 242,953 shares of the business services provider’s stock worth $9,993,000 after acquiring an additional 140,537 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Franklin Covey by 9.0% in the third quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider’s stock worth $22,586,000 after acquiring an additional 45,312 shares in the last quarter. Acadian Asset Management LLC grew its position in Franklin Covey by 12.2% in the first quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider’s stock worth $9,357,000 after acquiring an additional 25,876 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Franklin Covey by 3.5% in the first quarter. Vanguard Group Inc. now owns 703,603 shares of the business services provider’s stock worth $27,623,000 after acquiring an additional 24,062 shares in the last quarter. Hedge funds and other institutional investors 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.