Universal Technical Institute, Inc. (NYSE:UTI) Receives $31.17 Average Target Price from Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have received an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.17.

Several research analysts have weighed in on UTI shares. Barrington Research raised their price objective on shares of Universal Technical Institute from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Lake Street Capital raised their price objective on shares of Universal Technical Institute from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Northland Securities raised their price objective on shares of Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th.

Universal Technical Institute Stock Performance

Shares of UTI stock opened at $28.70 on Thursday. The company’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $21.65. Universal Technical Institute has a 52 week low of $13.66 and a 52 week high of $30.56. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.56 billion, a PE ratio of 29.59, a P/E/G ratio of 1.92 and a beta of 1.45.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. Universal Technical Institute had a net margin of 7.08% and a return on equity of 21.25%. As a group, equities research analysts anticipate that Universal Technical Institute will post 1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dumac Inc. bought a new stake in Universal Technical Institute in the 4th quarter valued at about $43,236,000. Lord Abbett & CO. LLC lifted its position in Universal Technical Institute by 194.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company’s stock valued at $47,497,000 after purchasing an additional 1,219,052 shares during the last quarter. FMR LLC lifted its position in Universal Technical Institute by 73,048.1% in the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares during the last quarter. Victory Capital Management Inc. lifted its position in Universal Technical Institute by 1,377.1% in the 4th quarter. Victory Capital Management Inc. now owns 518,256 shares of the company’s stock valued at $13,324,000 after purchasing an additional 483,170 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Universal Technical Institute in the 4th quarter valued at about $7,638,000. 75.67% of the stock is owned by institutional investors and hedge funds.

About Universal Technical Institute

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.