Universal Technical Institute Inc (NYSE:UTI) Receives $35.83 Average Price Target from Analysts

Shares of Universal Technical Institute Inc (NYSE:UTI) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given 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 $35.8333.

A number of research analysts have recently commented on UTI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Universal Technical Institute in a research note on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Monday, September 29th. Zacks Research downgraded shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Wall Street Zen downgraded shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st.

Institutional Investors Weigh In On Universal Technical Institute

Several institutional investors have recently bought and sold shares of UTI. Newbridge Financial Services Group Inc. acquired a new position in shares of Universal Technical Institute during the second quarter worth $27,000. Penserra Capital Management LLC acquired a new position in shares of Universal Technical Institute during the second quarter worth $28,000. KBC Group NV acquired a new position in shares of Universal Technical Institute during the second quarter worth $34,000. PNC Financial Services Group Inc. lifted its position in shares of Universal Technical Institute by 17,142.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after purchasing an additional 1,110 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Up 0.6%

UTI stock opened at $32.80 on Tuesday. The company has a 50 day moving average price of $29.83 and a two-hundred day moving average price of $30.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $1.79 billion, a P/E ratio of 28.77, a PEG ratio of 2.27 and a beta of 1.58. Universal Technical Institute has a one year low of $16.31 and a one year high of $36.32.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, sell-side analysts expect that Universal Technical Institute will post 1 EPS for the current year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.