Price Don’t Lie: Could Franklin Covey Co. Change Direction After Achieving 52-Week High?

Price Don't Lie: Could Franklin Covey Co. Change Direction After Achieving 52 Week High?

The stock of Franklin Covey Co. (NYSE:FC) hit a new 52-week high and has $41.01 target or 103.00% above today’s $20.20 share price. The 7 months bullish chart indicates low risk for the $296.89 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $41.01 price target is reached, the company will be worth $305.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 36,723 shares traded hands. Franklin Covey Co. (NYSE:FC) has risen 32.37% since April 15, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

Franklin Covey Co. (NYSE:FC) Ratings Coverage

Out of 3 analysts covering Franklin Covey Company (NYSE:FC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Franklin Covey Company has been the topic of 3 analyst reports since November 5, 2015 according to StockzIntelligence Inc. On Thursday, November 5 the stock rating was maintained by Roth Capital with “Buy”. The rating was downgraded by William Blair on Thursday, November 5 to “Market Perform”. TH Capital maintained Franklin Covey Co. (NYSE:FC) rating on Thursday, November 5. TH Capital has “Buy” rating and $20 price target.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.17, from 0.69 in 2016Q1. The ratio increased, as 4 funds sold all Franklin Covey Co. shares owned while 25 reduced positions. 8 funds bought stakes while 17 increased positions. They now own 7.64 million shares or 2.51% less from 7.84 million shares in 2016Q1.
Menta Cap Ltd Limited Liability Company holds 23,593 shares or 0.05% of its portfolio. Punch Associates Invest Management Inc accumulated 541,327 shares or 0.96% of the stock. Deutsche Savings Bank Ag holds 0% or 2,021 shares in its portfolio. Moreover, Vanguard has 0% invested in Franklin Covey Co. (NYSE:FC) for 453,537 shares. Geode Cap Limited Liability Corporation holds 0% or 77,988 shares in its portfolio. State Street Corporation owns 155,040 shares or 0% of their US portfolio. Teachers Advsrs last reported 16,948 shares in the company. National Bank Of Mellon Corp accumulated 0% or 89,059 shares. Intl Grp Inc last reported 5,880 shares in the company. Schwab Charles Inc has 39,694 shares for 0% of their US portfolio. Morgan Stanley has 5,713 shares for 0% of their US portfolio. Joel Isaacson And Limited Liability Company, a New York-based fund reported 2,000 shares. Moreover, Tiaa Cref Inv Mngmt Llc has 0% invested in Franklin Covey Co. (NYSE:FC) for 62,140 shares. Lapides Asset Mgmt Limited has invested 0.14% of its portfolio in Franklin Covey Co. (NYSE:FC). Oxford Asset Mngmt holds 41,413 shares or 0.03% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 8 sales for $277,468 net activity. PETERSON JOEL CLINTON sold $27,514 worth of stock.

More notable recent Franklin Covey Co. (NYSE:FC) news were published by: Businesswire.com which released: “Franklin Covey Co. Announces Launch of New FranklinCovey China, Company’s …” on November 16, 2016, also Businesswire.com with their article: “Franklin Covey Co. Named to 2016 Top 20 Leadership Training Companies List by …” published on February 10, 2016, Businesswire.com published: “Franklin Covey Co. Announces Dutch Auction Tender Offer” on December 08, 2015. More interesting news about Franklin Covey Co. (NYSE:FC) were released by: Businesswire.com and their article: “Franklin Covey Co. Commences Dutch Auction Tender Offer” published on December 14, 2015 as well as Businesswire.com‘s news article titled: “Franklin Covey Reports 2015 Fourth Quarter and Fiscal Year Financial Results” with publication date: November 04, 2015.

FC Company Profile

Franklin Covey Co. (FranklinCovey), incorporated on December 2, 1983, is engaged in performance improvement. The Firm operates in seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education. The Firm operates globally with one common brand. The Firm also provides clients with training in management skills, relationship skills and individual effectiveness. The Firm provides personal-effectiveness literature and electronic educational solutions to its clients. The Company’s practices are designed to provide content and delivery, including books and recognized thought leadership, multiple deliveries and teaching methods, a practice-centric focused sales force, and practice-specific marketing support.

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