Franklin Covey (FC) Downgraded by Zacks Investment Research to Strong Sell

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Zacks Investment Research downgraded shares of Franklin Covey (NYSE:FC) from a hold rating to a strong sell rating in a research note published on Friday morning.

According to Zacks, “Franklin Covey Co. is an international learning and performance solutions company dedicated to increasing the effectiveness of individuals and organizations. They provide consulting services, training and education programs, educational materials, publications, assessment and measurement tools, implementation processes, application tools and products designed to empower individuals and organizations to become more effective. “

Separately, B. Riley lowered their target price on Franklin Covey from $31.00 to $30.00 and set a buy rating on the stock in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Franklin Covey currently has a consensus rating of Buy and a consensus price target of $33.00.

NYSE:FC traded up $0.84 during trading hours on Friday, hitting $23.46. 33,216 shares of the company traded hands, compared to its average volume of 21,361. The company has a current ratio of 1.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Franklin Covey has a one year low of $18.00 and a one year high of $31.20. The stock has a market cap of $315.15 million, a PE ratio of -45.12, a price-to-earnings-growth ratio of 9.44 and a beta of 1.01.

Franklin Covey (NYSE:FC) last issued its quarterly earnings data on Friday, November 9th. The business services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $64.82 million for the quarter, compared to the consensus estimate of $66.65 million. Franklin Covey had a negative net margin of 1.47% and a negative return on equity of 4.99%. On average, sell-side analysts forecast that Franklin Covey will post 0.16 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in FC. Acadian Asset Management LLC purchased a new stake in Franklin Covey in the 2nd quarter worth about $212,000. Cambridge Investment Research Advisors Inc. purchased a new position in Franklin Covey during the 2nd quarter valued at about $226,000. Centaurus Financial Inc. purchased a new position in Franklin Covey during the 2nd quarter valued at about $373,000. Strs Ohio grew its holdings in Franklin Covey by 11.2% during the 3rd quarter. Strs Ohio now owns 28,700 shares of the business services provider’s stock valued at $678,000 after buying an additional 2,900 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Franklin Covey by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,495 shares of the business services provider’s stock valued at $698,000 after buying an additional 2,678 shares in the last quarter. 46.49% of the stock is owned by institutional investors.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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