Universal Technical Institute Inc (NYSE:UTI) Stock Has Average Price Target of $42.83 According to Analysts

Shares of Universal Technical Institute Inc (NYSE:UTI) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.83.

UTI has been the topic of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a report on Thursday, August 6th. Truist Financial dropped their target price on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. B. Riley Financial cut their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Northland Securities set a $35.00 target price on shares of Universal Technical Institute in a research note on Thursday, September 10th. Finally, Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th.

Universal Technical Institute Stock Up 0.3%

NYSE UTI opened at $20.57 on Tuesday. The stock’s 50 day moving average is $21.51 and its 200 day moving average is $33.22. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute has a 12 month low of $18.02 and a 12 month high of $51.34. The stock has a market cap of $1.13 billion, a PE ratio of 33.18, a P/E/G ratio of 1.87 and a beta of 1.19.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. The business had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Research analysts predict that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nykredit A S bought a new stake in shares of Universal Technical Institute in the second quarter worth about $25,000. PNC Financial Services Group Inc. lifted its position in shares of Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after buying an additional 750 shares in the last quarter. State of Wyoming bought a new position in Universal Technical Institute during the second quarter valued at approximately $109,000. Brady Martz Wealth Solutions LLC bought a new position in Universal Technical Institute during the first quarter valued at approximately $203,000. Finally, Glenmede Trust Co. NA bought a new position in Universal Technical Institute during the first quarter valued at approximately $234,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary education and career training in the United States. The company prepares students for employment in transportation, skilled trades, energy, technology and healthcare-related fields through hands-on instruction, classroom learning and online or hybrid programs.

Its programs cover automotive, diesel, collision repair, motorcycle, marine and NASCAR-related technologies, as well as welding, CNC machining, robotics and automation, wind turbine technology, industrial maintenance and other technical disciplines.