Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Barrington Research Analyst Says

Universal Technical Institute (NYSE:UTI) had its price target lifted by investment analysts at Barrington Research from $30.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 18.06% from the stock’s previous close.

A number of other research analysts also recently commented on UTI. B. Riley increased their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Truist Financial raised 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. Lake Street Capital raised 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. Northland Securities raised their price target on Universal Technical Institute from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Rosenblatt Securities raised their price target on Universal Technical Institute from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.17.

Universal Technical Institute Trading Up 0.4 %

UTI opened at $29.65 on Thursday. Universal Technical Institute has a one year low of $13.23 and a one year high of $30.56. The company has a market cap of $1.61 billion, a P/E ratio of 40.06, a PEG ratio of 1.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50-day simple moving average is $26.20 and its 200-day simple moving average is $20.74.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.40 EPS for the quarter, beating 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, equities research analysts expect that Universal Technical Institute will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.92, for a total value of $777,600.00. Following the transaction, the director now directly owns 128,205 shares in the company, valued at approximately $3,323,073.60. This trade represents a 18.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UTI. HighTower Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at approximately $845,000. Independent Advisor Alliance lifted its holdings in shares of Universal Technical Institute by 4.4% in the 4th quarter. Independent Advisor Alliance now owns 12,157 shares of the company’s stock valued at $313,000 after buying an additional 507 shares during the period. AlphaQuest LLC lifted its holdings in shares of Universal Technical Institute by 822,000.0% in the 4th quarter. AlphaQuest LLC now owns 8,221 shares of the company’s stock valued at $211,000 after buying an additional 8,220 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at approximately $993,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at approximately $212,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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.