Universal Technical Institute, Inc. (NYSE:UTI) Given Average Rating of “Buy” by Brokerages

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been assigned an average rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.25.

Several equities research analysts recently weighed in on UTI shares. Lake Street Capital upped their price objective on shares of Universal Technical Institute from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Barrington Research increased their target price on shares of Universal Technical Institute from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, November 18th. TheStreet raised shares of Universal Technical Institute from a “c+” rating to a “b” rating in a report on Wednesday, September 22nd. Colliers Securities reissued a “buy” rating and issued a $11.00 target price on shares of Universal Technical Institute in a report on Thursday, November 18th. Finally, Zacks Investment Research cut shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Tuesday.

A number of large investors have recently added to or reduced their stakes in UTI. Invesco Ltd. lifted its holdings in shares of Universal Technical Institute by 3.6% in the 3rd quarter. Invesco Ltd. now owns 41,868 shares of the company’s stock worth $283,000 after purchasing an additional 1,468 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Universal Technical Institute by 41.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,041 shares of the company’s stock valued at $34,000 after acquiring an additional 1,481 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in Universal Technical Institute by 2.7% during the 3rd quarter. Greenwood Capital Associates LLC now owns 97,016 shares of the company’s stock valued at $656,000 after acquiring an additional 2,578 shares in the last quarter. Geode Capital Management LLC lifted its stake in Universal Technical Institute by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 257,437 shares of the company’s stock valued at $1,740,000 after acquiring an additional 2,877 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Universal Technical Institute during the 3rd quarter valued at $28,000. 64.22% of the stock is owned by institutional investors and hedge funds.

Shares of UTI stock traded down $0.04 on Thursday, hitting $8.35. The company’s stock had a trading volume of 127,519 shares, compared to its average volume of 145,323. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day simple moving average of $7.09. Universal Technical Institute has a fifty-two week low of $5.34 and a fifty-two week high of $9.13. The company has a market cap of $274.09 million, a P/E ratio of 417.50, a PEG ratio of 0.92 and a beta of 0.88.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Wednesday, November 17th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Universal Technical Institute had a net margin of 2.86% and a return on equity of 9.31%. During the same period in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that Universal Technical Institute will post 0.21 earnings per share for the current year.

About Universal Technical Institute

Universal Technical Institute, Inc engages in the provision of postsecondary education. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as well as welders and CNC machining technicians.

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