Brokerages Set Universal Technical Institute Inc (NYSE:UTI) Price Target at $35.83

Universal Technical Institute Inc (NYSE:UTIGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.20.

Several equities analysts have recently issued reports on UTI shares. Weiss Ratings downgraded shares of Universal Technical Institute from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wall Street Zen downgraded shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a research report on Saturday. Rosenblatt Securities restated a “buy” rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday. Finally, Barrington Research reiterated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday.

Check Out Our Latest Stock Analysis on UTI

Universal Technical Institute Trading Up 3.0%

NYSE:UTI opened at $25.50 on Thursday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.22 and a beta of 1.36. Universal Technical Institute has a 52 week low of $21.29 and a 52 week high of $36.32. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $26.70 and a 200 day moving average of $28.20.

Universal Technical Institute (NYSE:UTIGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $220.84 million for the quarter, compared to the consensus estimate of $216.65 million. Universal Technical Institute had a return on equity of 16.98% and a net margin of 6.28%. As a group, sell-side analysts anticipate that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

More Universal Technical Institute News

Here are the key news stories impacting Universal Technical Institute this week:

Insider Buying and Selling

In other news, Director Coliseum Capital Management, L purchased 191,830 shares of the stock in a transaction on Friday, December 5th. The stock was bought at an average price of $25.38 per share, with a total value of $4,868,645.40. Following the transaction, the director owned 3,971,440 shares in the company, valued at $100,795,147.20. The trade was a 5.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 1,255,173 shares of company stock worth $30,812,798. Insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new stake in shares of Universal Technical Institute in the third quarter valued at approximately $18,901,000. Franklin Resources Inc. acquired a new stake in Universal Technical Institute in the 2nd quarter valued at $721,000. Fortress Investment Group LLC purchased a new stake in Universal Technical Institute in the 2nd quarter worth $5,901,000. Jump Financial LLC raised its position in Universal Technical Institute by 511.9% during the second quarter. Jump Financial LLC now owns 237,412 shares of the company’s stock worth $8,046,000 after acquiring an additional 198,612 shares during the period. Finally, Zweig DiMenna Associates LLC acquired a new position in Universal Technical Institute during the second quarter worth $4,728,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

About Universal Technical Institute

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Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

Further Reading

Analyst Recommendations for Universal Technical Institute (NYSE:UTI)

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