Barrington Research Has Lowered Expectations for Franklin Covey (NYSE:FC) Stock Price

Franklin Covey (NYSE:FC) had its price objective dropped by equities researchers at Barrington Research from $45.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 68.15% from the company’s previous close.

Separately, StockNews.com lowered Franklin Covey from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 13th.

Franklin Covey Stock Down 25.4 %

FC opened at $20.82 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.94. Franklin Covey has a 12 month low of $20.53 and a 12 month high of $44.46. The stock’s 50 day moving average price is $32.76 and its 200 day moving average price is $36.14. The stock has a market cap of $274.67 million, a P/E ratio of 14.17, a P/E/G ratio of 1.74 and a beta of 1.29.

Franklin Covey (NYSE:FC) last announced its earnings results on Wednesday, April 2nd. The business services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $59.61 million for the quarter, compared to analysts’ expectations of $62.24 million. Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. As a group, research analysts predict that Franklin Covey will post 0.97 earnings per share for the current year.

Institutional Trading of Franklin Covey

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of Franklin Covey by 146.2% during the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock valued at $527,000 after purchasing an additional 7,606 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Franklin Covey by 5.5% in the 3rd quarter. Janus Henderson Group PLC now owns 18,458 shares of the business services provider’s stock valued at $759,000 after buying an additional 964 shares during the period. Point72 Asset Management L.P. raised its position in shares of Franklin Covey by 26.2% during the third quarter. Point72 Asset Management L.P. now owns 8,233 shares of the business services provider’s stock worth $339,000 after acquiring an additional 1,711 shares during the last quarter. State Street Corp lifted its stake in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock valued at $10,502,000 after acquiring an additional 5,955 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Franklin Covey by 9.5% in the third quarter. EP Wealth Advisors LLC now owns 17,809 shares of the business services provider’s stock valued at $732,000 after acquiring an additional 1,541 shares during the last quarter. 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.