Franklin Covey (NYSE:FC - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Friday.
Other analysts have also recently issued reports about the company. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Franklin Covey in a research report on Thursday, June 27th. Roth Mkm reissued a "buy" rating and set a $50.00 target price on shares of Franklin Covey in a research note on Thursday, June 27th.
Check Out Our Latest Analysis on FC
Franklin Covey Stock Performance
Franklin Covey stock traded down $0.44 during mid-day trading on Friday, reaching $41.05. 19,837 shares of the company were exchanged, compared to its average volume of 74,976. Franklin Covey has a twelve month low of $32.19 and a twelve month high of $44.96. The firm's 50-day simple moving average is $40.00 and its two-hundred day simple moving average is $38.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $537.51 million, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24.
Hedge Funds Weigh In On Franklin Covey
A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in Franklin Covey during the first quarter worth $59,000. Mather Group LLC. purchased a new stake in shares of Franklin Covey in the 1st quarter worth about $73,000. O Keefe Stevens Advisory Inc. purchased a new stake in shares of Franklin Covey in the 2nd quarter worth about $202,000. Lazard Asset Management LLC raised its position in Franklin Covey by 92.7% during the first quarter. Lazard Asset Management LLC now owns 5,612 shares of the business services provider's stock worth $220,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Franklin Covey during the second quarter worth about $226,000. 69.88% of the stock is owned by hedge funds and other institutional investors.
Franklin Covey Company Profile
(
Get Free Report)
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.
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