Universal Technical Institute Inc (NYSE:UTI) Stock Has Consensus Target Price of $42.33

Universal Technical Institute Inc (NYSE:UTI) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.33.

UTI has been the subject of a number of analyst reports. Truist Financial decreased their price target on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. Rosenblatt Securities reiterated a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Northland Securities set a $35.00 price objective on Universal Technical Institute in a report on Thursday, September 10th. Finally, B. Riley Financial decreased their target price on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $23.09 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.11 and a beta of 1.18. The business has a 50-day moving average of $20.88 and a 200-day moving average of $31.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. Universal Technical Institute has a fifty-two week low of $18.02 and a fifty-two week high of $51.34.

Institutional Trading of Universal Technical Institute

Several institutional investors and hedge funds have recently added to or reduced their stakes in UTI. Nykredit A S acquired a new stake in Universal Technical Institute in the second quarter valued at $25,000. PNC Financial Services Group Inc. increased its stake in shares of Universal Technical Institute by 543.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Universal Technical Institute by 332.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,497 shares of the company’s stock worth $28,000 after purchasing an additional 1,151 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Universal Technical Institute by 845.2% during the 3rd quarter. Sterling Capital Management LLC now owns 1,588 shares of the company’s stock worth $30,000 after purchasing an additional 1,420 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Universal Technical Institute in the 2nd quarter valued at about $109,000. 75.67% of the stock is owned by institutional investors.

About Universal Technical Institute

Universal Technical Institute, Inc. (UTI) is a provider of career-focused postsecondary education and training. Founded in 1965, the company prepares students for careers in transportation, skilled trades and health care through campus-based and online programs. UTI’s transportation and skilled-trades programs cover areas such as automotive, diesel, collision repair, motorcycle and marine technology, welding, heating, ventilation and air conditioning, and robotics and automation. Programs are offered through brands including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute and MIAT College of Technology.