Franklin Covey (NYSE:FC) Earns "Outperform" Rating from Barrington Research

Franklin Covey (NYSE:FC - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a report issued on Monday, Benzinga reports. They presently have a $45.00 price objective on the business services provider's stock. Barrington Research's price target would suggest a potential upside of 12.64% from the stock's current price.

Separately, StockNews.com raised shares of Franklin Covey from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Franklin Covey Stock Performance

NYSE FC traded up $0.96 on Monday, reaching $39.95. 28,659 shares of the company's stock traded hands, compared to its average volume of 73,566. The stock has a 50 day moving average price of $40.18 and a 200-day moving average price of $39.05. The firm has a market cap of $522.95 million, a price-to-earnings ratio of 29.83, a P/E/G ratio of 0.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.88. Franklin Covey has a fifty-two week low of $32.19 and a fifty-two week high of $44.96.

Hedge Funds Weigh In On Franklin Covey

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in Franklin Covey in the 2nd quarter valued at about $17,022,000. Wasatch Advisors LP purchased a new stake in shares of Franklin Covey in the first quarter valued at about $6,862,000. Harbor Capital Advisors Inc. increased its position in Franklin Covey by 225.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 102,416 shares of the business services provider's stock worth $3,892,000 after purchasing an additional 70,992 shares during the period. Rice Hall James & Associates LLC boosted its position in shares of Franklin Covey by 9.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 549,145 shares of the business services provider's stock worth $22,586,000 after purchasing an additional 45,312 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Franklin Covey by 12.2% during the 1st quarter. Acadian Asset Management LLC now owns 238,455 shares of the business services provider's stock valued at $9,357,000 after acquiring an additional 25,876 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.

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.