Northland Securities Forecasts Strong Price Appreciation for Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute (NYSE:UTI) had its target price raised by research analysts at Northland Securities from $30.00 to $34.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price indicates a potential upside of 14.69% from the stock’s current price.

UTI has been the topic of a number of other research reports. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Lake Street Capital boosted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barrington Research boosted their price target on Universal Technical Institute from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Truist Financial boosted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, B. Riley boosted their price target on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $31.17.

Universal Technical Institute Price Performance

UTI stock opened at $29.65 on Thursday. The stock has a 50-day moving average price of $26.20 and a two-hundred day moving average price of $20.74. Universal Technical Institute has a 12-month low of $13.23 and a 12-month high of $30.56. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.61 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 16.41% and a net margin of 5.34%. As a group, research analysts predict that Universal Technical Institute will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kenneth R. Trammell sold 30,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the sale, the director now owns 128,205 shares in the company, valued at approximately $3,323,073.60. This represents a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Universal Technical Institute by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after acquiring an additional 85,417 shares during the last quarter. FMR LLC lifted its position in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after acquiring an additional 878,038 shares during the last quarter. State Street Corp lifted its position in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after acquiring an additional 29,461 shares during the last quarter. Hennessy Advisors Inc. lifted its position in shares of Universal Technical Institute by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 690,900 shares of the company’s stock valued at $17,763,000 after acquiring an additional 44,100 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Universal Technical Institute during the 3rd quarter valued at $10,217,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.