Universal Technical Institute Inc (NYSE:UTI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Universal Technical Institute Inc (NYSE:UTI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.8333.

UTI has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen cut shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Monday, September 29th. Zacks Research cut shares of Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Universal Technical Institute in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company’s stock valued at $78,392,000 after buying an additional 306,984 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Universal Technical Institute by 58.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company’s stock valued at $75,101,000 after buying an additional 1,077,076 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Universal Technical Institute by 11.2% during the 3rd quarter. Congress Asset Management Co. now owns 2,076,255 shares of the company’s stock valued at $67,582,000 after buying an additional 209,476 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Universal Technical Institute by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 1,554,199 shares of the company’s stock valued at $52,672,000 after buying an additional 210,377 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Universal Technical Institute by 35.2% during the 2nd quarter. Hood River Capital Management LLC now owns 1,380,785 shares of the company’s stock valued at $46,795,000 after buying an additional 359,193 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock opened at $28.49 on Tuesday. The company has a market capitalization of $1.55 billion, a PE ratio of 24.99, a P/E/G ratio of 2.27 and a beta of 1.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day simple moving average of $29.93 and a two-hundred day simple moving average of $30.93. Universal Technical Institute has a one year low of $16.31 and a one year high of $36.32.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. Research analysts expect that Universal Technical Institute will post 1 EPS for the current fiscal year.

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.