Franklin Covey (NYSE:FC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The brokerage currently has a $40.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.89% from the stock’s previous close.

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. “

Several other analysts have also recently commented on the company. ValuEngine cut Franklin Covey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. William Blair reaffirmed a “market perform” rating on shares of Franklin Covey in a research report on Tuesday, October 15th. B. Riley raised their target price on Franklin Covey from $35.00 to $42.50 and gave the stock a “buy” rating in a research report on Friday, June 28th. Barrington Research raised their target price on Franklin Covey from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 28th. Finally, Roth Capital raised their target price on Franklin Covey from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.63.

Shares of Franklin Covey stock traded up $0.68 during midday trading on Monday, hitting $36.40. The company’s stock had a trading volume of 19,865 shares, compared to its average volume of 33,545. The firm has a market capitalization of $506.01 million, a P/E ratio of -70.00, a PEG ratio of 5.13 and a beta of 0.85. The stock has a 50-day simple moving average of $35.61 and a 200-day simple moving average of $33.25. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.31. Franklin Covey has a 1-year low of $20.52 and a 1-year high of $39.31.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in Franklin Covey by 82,600.0% during the second quarter. Bank of Montreal Can now owns 827 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 826 shares during the last quarter. Acadian Asset Management LLC boosted its position in Franklin Covey by 162.9% during the second quarter. Acadian Asset Management LLC now owns 2,111 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 1,308 shares during the last quarter. Marshall Wace LLP boosted its position in Franklin Covey by 305.4% during the first quarter. Marshall Wace LLP now owns 7,268 shares of the business services provider’s stock valued at $184,000 after purchasing an additional 5,475 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Franklin Covey during the third quarter valued at $222,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Franklin Covey during the second quarter valued at $294,000. 46.24% of the stock is owned by hedge funds and other institutional investors.

About Franklin Covey

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 for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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