Universal Technical Institute (NYSE:UTI) Price Target Raised to $25.00

Universal Technical Institute (NYSE:UTI) had its target price hoisted by Barrington Research from $22.00 to $25.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on UTI. Truist Financial boosted their target price on Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. B. Riley raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, September 11th. Finally, Northland Securities increased their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Stock Up 7.5 %

UTI opened at $25.38 on Thursday. Universal Technical Institute has a fifty-two week low of $10.46 and a fifty-two week high of $25.60. The firm has a market capitalization of $1.37 billion, a P/E ratio of 34.30, a PEG ratio of 1.76 and a beta of 1.34. The company’s 50-day moving average is $17.37 and its 200 day moving average is $16.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UTI. Covestor Ltd increased its holdings 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 buying an additional 1,564 shares during the last quarter. Pullen Investment Management LLC increased its stake in Universal Technical Institute by 2.9% in the second quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock valued at $887,000 after acquiring an additional 1,600 shares during the last quarter. ClariVest Asset Management LLC raised its position in Universal Technical Institute by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock worth $389,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Universal Technical Institute by 27.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after purchasing an additional 2,596 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.