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

Universal Technical Institute Inc (NYSE:UTI) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $42.83.

UTI has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Truist Financial decreased their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Texas Capital cut Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, B. Riley Financial dropped their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nykredit A S purchased a new stake in shares of Universal Technical Institute during the 2nd quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its holdings 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 valued at $32,000 after acquiring an additional 750 shares during the period. State of Wyoming acquired a new position in shares of Universal Technical Institute in the 2nd quarter valued at $109,000. Focus Partners Advisor Solutions LLC acquired a new stake in Universal Technical Institute during the 2nd quarter worth $235,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Universal Technical Institute during the 1st quarter valued at approximately $203,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $20.56 on Tuesday. The firm has a market cap of $1.13 billion, a PE ratio of 33.17, a PEG ratio of 1.85 and a beta of 1.19. The stock has a 50 day moving average of $21.68 and a 200 day moving average of $33.31. 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.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million during the quarter, compared to analysts’ expectations of $220.40 million. On average, research analysts expect that Universal Technical Institute will post 0.61 EPS for the current fiscal year.

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.