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

Universal Technical Institute (NYSE:UTI) had its target price upped by analysts at Northland Securities from $30.00 to $34.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target suggests a potential upside of 19.82% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Barrington Research lifted their target price on Universal Technical Institute from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Rosenblatt Securities lifted their price objective on Universal Technical Institute from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial raised their target price on shares of 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 objective on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, B. Riley boosted their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and an average price target of $28.83.

Universal Technical Institute Trading Down 2.0 %

NYSE UTI opened at $28.38 on Thursday. The firm has a market capitalization of $1.54 billion, a PE ratio of 38.35, a P/E/G ratio of 1.90 and a beta of 1.45. The stock’s 50 day moving average is $26.06 and its 200 day moving average is $20.61. Universal Technical Institute has a twelve month low of $13.23 and a twelve month high of $29.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.47.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. Universal Technical Institute had a net margin of 5.34% and a return on equity of 16.41%. Research analysts forecast that Universal Technical Institute will post 0.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Kenneth R. Trammell sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the transaction, the director now owns 128,205 shares of the company’s stock, valued at approximately $3,323,073.60. The trade was a 18.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Covestor Ltd boosted its stake in shares of Universal Technical Institute by 6,256.0% in the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. BNP Paribas Financial Markets lifted its holdings in Universal Technical Institute by 9.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after buying an additional 2,083 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Universal Technical Institute by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 26,623 shares of the company’s stock worth $684,000 after acquiring an additional 2,335 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Universal Technical Institute by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after acquiring an additional 2,596 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Universal Technical Institute by 13.5% in the third quarter. Inspire Investing LLC now owns 25,556 shares of the company’s stock valued at $416,000 after acquiring an additional 3,032 shares in the last quarter. 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.