B.Riley FBR analyst Zach Cummins reiterated a Buy rating on Franklin Covey Company (FC) today and set a price target of $30. The company’s shares opened today at $25.08.
Cummins observed:
“We attended Franklin Covey’s (FC) Investor & January 17. The event took a deeper dive into the FC business, which was further supplemented by product and content demonstrations from a handful of FC executives. We came away from the event with three key takeaways: 1) reaffirmed confidence in FC’s competitive positioning within the training and performance improvement market; 2) a deeper understanding of the company’s All-Access Pass (AAP) subscription offering and its value proposition for customers; and finally, 3) the validation of the potential scalability of the recurring revenue business model as FC pursues the underpenetrated market opportunities in the Enterprise and Education segments.”
According to TipRanks.com, Cummins is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.0% and a 29.4% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, American Software, and ChannelAdvisor.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franklin Covey Company with a $30 average price target, implying a 19.6% upside from current levels. In a report issued on January 10, Barrington also reiterated a Buy rating on the stock with a $30 price target.
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Based on Franklin Covey Company’s latest earnings release for the quarter ending November 30, the company reported a quarterly GAAP net loss of $1.36 million. In comparison, last year the company had a GAAP net loss of $2.39 million.
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Franklin Covey Co. engages in consulting and training in the areas of strategy execution, customer loyalty, leadership, and individual effectiveness. It operates through the following three segments: Direct Offices, Education Practice and International Licensees.
