Analysts Set Universal Technical Institute, Inc. (NYSE:UTI) Price Target at $21.60

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been assigned a consensus recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $21.60.

Several analysts have recently issued reports on UTI shares. Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, August 7th. Northland Securities increased their price target on Universal Technical Institute from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial began coverage on Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price objective for the company. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th.

Universal Technical Institute Stock Performance

NYSE UTI opened at $16.16 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $869.57 million, a P/E ratio of 44.89, a P/E/G ratio of 1.55 and a beta of 1.35. The stock has a 50-day moving average of $17.24 and a two-hundred day moving average of $15.95. Universal Technical Institute has a 1-year low of $7.78 and a 1-year high of $19.79.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Universal Technical Institute had a net margin of 3.82% and a return on equity of 12.66%. The firm had revenue of $177.46 million during the quarter, compared to analysts’ expectations of $172.33 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, analysts anticipate that Universal Technical Institute will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now owns 136,443 shares of the company’s stock, valued at $2,391,845.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.60% of the stock is owned by company insiders.

Institutional Trading of Universal Technical Institute

Several institutional investors and hedge funds have recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in Universal Technical Institute during the second quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after acquiring an additional 9,512 shares during the period. EntryPoint Capital LLC raised its position in Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after purchasing an additional 3,643 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Universal Technical Institute during the 2nd quarter worth $167,000. Finally, Lazard Asset Management LLC purchased a new position in Universal Technical Institute during the 1st quarter worth $181,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.