Franklin Covey (NYSE:FC) Shares Gap Down Following Analyst Downgrade

Franklin Covey Co. (NYSE:FC) shares gapped down before the market opened on Thursday after Barrington Research lowered their price target on the stock from $55.00 to $45.00. The stock had previously closed at $38.30, but opened at $35.66. Barrington Research currently has an outperform rating on the stock. Franklin Covey shares last traded at $37.78, with a volume of 78,593 shares changing hands.

Several other brokerages have also issued reports on FC. StockNews.com upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Roth Mkm dropped their price target on shares of Franklin Covey from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $68.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FC. Quantbot Technologies LP bought a new position in Franklin Covey during the 1st quarter worth about $27,000. Point72 Middle East FZE bought a new stake in shares of Franklin Covey in the 2nd quarter valued at about $29,000. CWM LLC bought a new stake in shares of Franklin Covey in the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its holdings in shares of Franklin Covey by 289.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the business services provider’s stock valued at $49,000 after buying an additional 799 shares in the last quarter. Finally, Alpha Paradigm Partners LLC bought a new stake in shares of Franklin Covey in the 3rd quarter valued at about $62,000. 69.88% of the stock is currently owned by institutional investors.

Franklin Covey Stock Up 0.1 %

The stock has a market capitalization of $509.41 million, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $39.83 and its 200 day moving average is $40.07.

Franklin Covey (NYSE:FC) last announced its quarterly earnings data on Thursday, January 4th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.19 by $0.17. The firm had revenue of $68.40 million during the quarter, compared to analyst estimates of $65.88 million. Franklin Covey had a net margin of 6.43% and a return on equity of 22.81%. As a group, analysts anticipate that Franklin Covey Co. will post 1.69 EPS for the current year.

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.