Barrington Research Raises Universal Technical Institute (NYSE:UTI) Price Target to $20.00

Universal Technical Institute (NYSE:UTI) had its price target raised by Barrington Research from $18.00 to $20.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target indicates a potential upside of 38.22% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $18.00 target price on shares of Universal Technical Institute in a research note on Monday, April 29th. TheStreet upgraded Universal Technical Institute from a “c+” rating to a “b” rating in a research report on Thursday, February 1st. StockNews.com lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Northland Securities began coverage on shares of Universal Technical Institute in a report on Wednesday, January 10th. They issued an “outperform” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Moderate Buy” and a consensus target price of $15.80.

Universal Technical Institute Stock Down 13.3 %

UTI traded down $2.22 during trading on Thursday, hitting $14.47. The stock had a trading volume of 340,974 shares, compared to its average volume of 607,033. The company has a market capitalization of $493.14 million, a PE ratio of 56.00, a PEG ratio of 1.48 and a beta of 1.22. Universal Technical Institute has a twelve month low of $5.63 and a twelve month high of $17.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $13.29.

Universal Technical Institute (NYSE:UTI) last announced its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $174.70 million during the quarter, compared to the consensus estimate of $168.19 million. Universal Technical Institute had a net margin of 2.41% and a return on equity of 9.25%. On average, research analysts predict that Universal Technical Institute will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Loretta Lydia Sanchez sold 8,719 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $15.07, for a total transaction of $131,395.33. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $301,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.60% of the stock is owned by corporate insiders.

Institutional Trading of Universal Technical Institute

Several institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of Universal Technical Institute by 1,152.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,130 shares of the company’s stock valued at $39,000 after buying an additional 2,880 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Universal Technical Institute by 297.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,186 shares of the company’s stock worth $77,000 after acquiring an additional 4,629 shares during the period. AJOVista LLC purchased a new position in Universal Technical Institute during the fourth quarter valued at $78,000. Bfsg LLC acquired a new position in shares of Universal Technical Institute during the fourth quarter valued at approximately $102,000. Finally, SG Americas Securities LLC acquired a new position in shares of Universal Technical Institute during the third quarter valued at approximately $104,000. 75.67% of the stock is owned by institutional investors and hedge funds.

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.