Northland Securities Trims Franklin Covey (NYSE:FC) Target Price to $95.00

Franklin Covey (NYSE:FC) had its price target reduced by Northland Securities from $100.00 to $95.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Northland Securities’ price target suggests a potential upside of 143.65% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Barrington Research dropped their price objective on shares of Franklin Covey from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday. Roth Mkm decreased 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 note on Tuesday, December 19th. Finally, StockNews.com upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $66.33.

Franklin Covey Stock Performance

Franklin Covey stock traded up $0.69 during mid-day trading on Thursday, reaching $38.99. 122,893 shares of the company traded hands, compared to its average volume of 83,701. The firm’s fifty day moving average is $39.83 and its two-hundred day moving average is $40.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.84. The company has a market capitalization of $518.18 million, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $48.76.

Franklin Covey (NYSE:FC) last posted its quarterly earnings data on Thursday, January 4th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.17. Franklin Covey had a net margin of 6.43% and a return on equity of 22.81%. The business had revenue of $68.40 million for the quarter, compared to the consensus estimate of $65.88 million. On average, equities research analysts expect that Franklin Covey will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Franklin Covey

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Franklin Covey in the first quarter worth $27,000. Point72 Middle East FZE acquired a new position in Franklin Covey in the second quarter worth $29,000. CWM LLC acquired a new position in Franklin Covey in the third quarter worth $33,000. Tower Research Capital LLC TRC boosted its holdings in Franklin Covey by 289.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the business services provider’s stock worth $49,000 after purchasing an additional 799 shares during the period. Finally, Alpha Paradigm Partners LLC acquired a new position in Franklin Covey in the third quarter worth $62,000. Institutional investors own 69.88% of the company’s stock.

About Franklin Covey

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.