Universal Technical Institute (NYSE:UTI) Price Target Raised to $31.00

Universal Technical Institute (NYSE:UTI - Get Free Report) had its price objective lifted by equities research analysts at Lake Street Capital from $22.00 to $31.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Lake Street Capital's price target indicates a potential upside of 6.52% from the stock's previous close.

Several other brokerages have also recently commented on UTI. B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Truist Financial boosted their price target on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Northland Securities raised their price objective on Universal Technical Institute from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday. Rosenblatt Securities upped their target price on Universal Technical Institute from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barrington Research increased their price target on Universal Technical Institute from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $31.17.

Universal Technical Institute Stock Down 1.8 %

Shares of UTI traded down $0.55 during midday trading on Thursday, hitting $29.10. The stock had a trading volume of 833,196 shares, compared to its average volume of 610,031. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. The company has a 50 day simple moving average of $26.26 and a two-hundred day simple moving average of $20.84. Universal Technical Institute has a twelve month low of $13.23 and a twelve month high of $30.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.14 and a quick ratio of 1.08.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. Universal Technical Institute had a return on equity of 21.25% and a net margin of 7.08%. On average, analysts anticipate that Universal Technical Institute will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Kenneth R. Trammell sold 30,000 shares of Universal Technical Institute stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $25.92, for a total transaction of $777,600.00. Following the completion of the transaction, the director now directly owns 128,205 shares of the company's stock, valued at $3,323,073.60. The trade was a 18.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 15.10% of the company's stock.

Institutional Trading of Universal Technical Institute

Hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company's stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $79,000. Quarry LP increased its stake in shares of Universal Technical Institute by 380.6% during the third quarter. Quarry LP now owns 3,859 shares of the company's stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its holdings in Universal Technical Institute by 1,526.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company's stock worth $66,000 after purchasing an additional 3,815 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in Universal Technical Institute by 822,000.0% in the 4th quarter. AlphaQuest LLC now owns 8,221 shares of the company's stock valued at $211,000 after purchasing an additional 8,220 shares during the period. Institutional investors and hedge funds 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.