Universal Technical Institute Inc (NYSE:UTI) Stock Has Average Price Target of $42.33

Universal Technical Institute Inc (NYSE:UTI) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $42.33.

UTI has been the subject of a number of recent analyst reports. B. Riley Financial cut their price objective on Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Northland Securities set a $35.00 target price on Universal Technical Institute in a report on Thursday, September 10th. Texas Capital lowered Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th.

Universal Technical Institute Stock Up 10.2%

Shares of UTI stock opened at $21.96 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day moving average is $20.80 and its 200-day moving average is $32.04. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.03 and a beta of 1.18. Universal Technical Institute has a 52-week low of $18.02 and a 52-week high of $51.34.

Hedge Funds Weigh In On Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S bought a new stake in shares of Universal Technical Institute during the second quarter worth approximately $25,000. SBI Securities Co. Ltd. grew its position in shares of Universal Technical Institute by 332.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,497 shares of the company’s stock valued at $28,000 after purchasing an additional 1,151 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Universal Technical Institute by 845.2% during the third quarter. Sterling Capital Management LLC now owns 1,588 shares of the company’s stock worth $30,000 after purchasing an additional 1,420 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Universal Technical Institute by 543.5% during the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the period. Finally, Covestor Ltd increased its stake in shares of Universal Technical Institute by 536.9% during the third quarter. Covestor Ltd now owns 2,624 shares of the company’s stock worth $49,000 after purchasing an additional 2,212 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.