Universal Technical Institute (NYSE:UTI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a research note released on Saturday.

Several other brokerages also recently issued reports on UTI. Lake Street Capital restated a “buy” rating and set a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Truist Financial boosted their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Barrington Research restated an “outperform” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Tuesday, July 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Buy” and a consensus target price of $35.83.

Universal Technical Institute Price Performance

Shares of UTI opened at $27.27 on Friday. Universal Technical Institute has a twelve month low of $15.14 and a twelve month high of $36.32. The stock’s 50 day moving average is $29.00 and its two-hundred day moving average is $29.83. The firm has a market capitalization of $1.48 billion, a PE ratio of 23.92, a P/E/G ratio of 1.71 and a beta of 1.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Research analysts anticipate that Universal Technical Institute will post 1 earnings per share for the current year.

Institutional Trading of Universal Technical Institute

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter worth $27,000. Penserra Capital Management LLC purchased a new stake in Universal Technical Institute during the 2nd quarter worth $28,000. KBC Group NV purchased a new stake in Universal Technical Institute during the 2nd quarter worth $34,000. PNC Financial Services Group Inc. boosted its position in Universal Technical Institute by 17,142.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,207 shares of the company’s stock worth $41,000 after purchasing an additional 1,200 shares during the period. Finally, CWM LLC boosted its position in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after purchasing an additional 1,110 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.