Franklin Covey (NYSE:FC) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Franklin Covey Company (NYSE:FC)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $18.42 and traded as high as $18.99. Franklin Covey shares last traded at $18.4370, with a volume of 66,582 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FC shares. Roth Capital upped their price target on Franklin Covey from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Franklin Covey from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Franklin Covey in a research note on Thursday, July 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Franklin Covey in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Franklin Covey presently has a consensus rating of “Hold” and an average target price of $27.50.

Franklin Covey Price Performance

The stock’s 50-day moving average is $18.34 and its 200 day moving average is $19.62. The stock has a market cap of $204.00 million, a price-to-earnings ratio of 25.64, a P/E/G ratio of 0.93 and a beta of 0.77.

Institutional Trading of Franklin Covey

A number of institutional investors have recently modified their holdings of FC. BlackRock Inc. acquired a new position in shares of Franklin Covey during the 2nd quarter worth $24,191,000. Rice Hall James & Associates LLC acquired a new stake in shares of Franklin Covey in the second quarter valued at about $12,158,000. Bank of America Corp DE acquired a new stake in shares of Franklin Covey in the second quarter valued at about $2,438,000. Deutsche Bank AG acquired a new stake in shares of Franklin Covey in the second quarter valued at about $1,277,000. Finally, Quantinno Capital Management LP boosted its holdings in Franklin Covey by 82.8% during the first quarter. Quantinno Capital Management LP now owns 69,312 shares of the business services provider’s stock worth $1,094,000 after buying an additional 31,395 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

About Franklin Covey

Franklin Covey Co (NYSE: FC) is a global professional-services and training company that helps organizations improve leadership, execution, productivity, sales performance and workplace culture. Its services are designed for businesses, government agencies and other institutions seeking to develop employees and improve organizational performance.

The company provides consulting, training, coaching, assessment tools and digital learning solutions. Its offerings address areas such as leadership development, trust, change management, business execution, customer loyalty and individual effectiveness.