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

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

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Barrington Research dropped their price target on shares of Franklin Covey from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Roth Mkm lowered their target price on shares of Franklin Covey from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $66.33.

Franklin Covey Trading Up 1.8 %

Shares of NYSE:FC traded up $0.69 during mid-day trading on Thursday, hitting $38.99. The company had a trading volume of 122,893 shares, compared to its average volume of 83,701. The firm has a fifty day moving average price of $39.83 and a 200 day moving average price of $40.07. The company has a market capitalization of $518.18 million, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.84. Franklin Covey has a one year low of $32.19 and a one year high of $48.76.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC grew its position in Franklin Covey by 1.0% during the first quarter. Rice Hall James & Associates LLC now owns 330,647 shares of the business services provider’s stock valued at $14,952,000 after buying an additional 3,207 shares during the period. MetLife Investment Management LLC raised its stake in Franklin Covey by 58.0% during the first quarter. MetLife Investment Management LLC now owns 6,081 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 2,232 shares in the last quarter. Sei Investments Co. purchased a new stake in Franklin Covey during the first quarter valued at $517,000. Vanguard Group Inc. increased its position in Franklin Covey by 7.1% during the first quarter. Vanguard Group Inc. now owns 622,158 shares of the business services provider’s stock valued at $28,134,000 after acquiring an additional 41,247 shares during the last quarter. Finally, Blue Grotto Capital LLC grew its holdings in shares of Franklin Covey by 52.2% in the first quarter. Blue Grotto Capital LLC now owns 200,202 shares of the business services provider’s stock worth $9,053,000 after purchasing an additional 68,685 shares during the last quarter. 69.88% of the stock is owned by hedge funds and other institutional investors.

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.