Truist Financial Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI) had its price target upped by Truist Financial from $22.00 to $26.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on UTI. B. Riley upped 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. Lake Street Capital upped their price target on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday. Northland Securities lifted their price objective on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Finally, StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $25.38 on Thursday. The firm’s fifty day simple moving average is $17.37 and its 200 day simple moving average is $16.68. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Universal Technical Institute has a twelve month low of $10.46 and a twelve month high of $25.60. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.76 and a beta of 1.34.

Institutional Investors Weigh In On Universal Technical Institute

A number of institutional investors have recently modified their holdings of UTI. Covestor Ltd lifted its stake in shares of Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after acquiring an additional 1,564 shares during the period. RiverPark Advisors LLC bought a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $43,000. Quarry LP lifted its stake in Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Universal Technical Institute in the 3rd quarter worth about $152,000. Institutional investors own 75.67% of the company’s stock.

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.