Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00

Universal Technical Institute (NYSE:UTI) had its price target hoisted by equities research analysts at Rosenblatt Securities from $22.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target points to a potential upside of 16.82% from the company’s current price.

A number of other analysts have also weighed in on the company. Barrington Research increased their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial lifted their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. B. Riley upped their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Northland Securities lifted their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Trading Down 1.0 %

Shares of NYSE UTI traded down $0.26 during midday trading on Tuesday, hitting $25.68. The company’s stock had a trading volume of 177,296 shares, compared to its average volume of 527,949. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $26.13. The company has a current ratio of 1.08, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.38 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. The business’s 50 day moving average is $17.56 and its two-hundred day moving average is $16.75.

Institutional Trading of Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its position in Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after acquiring an additional 1,564 shares in the last quarter. RiverPark Advisors LLC purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at approximately $43,000. Quarry LP lifted its stake in shares of Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC boosted its holdings in Universal Technical Institute by 1,526.0% during the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock worth $66,000 after buying an additional 3,815 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Universal Technical Institute during the third quarter valued at $152,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

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.