B. Riley Financial Has Lowered Expectations for Universal Technical Institute (NYSE:UTI) Stock Price

Key Points

• B. Riley Financial lowered its price target for Universal Technical Institute from $48 to $45 while maintaining a “Buy” rating, implying roughly 103% upside from the reported $22.17 share price.
• Analyst sentiment remains positive overall: UTI has a consensus “Moderate Buy” rating and an average target price of $42.33, based on four Buy and three Hold ratings.
• UTI’s latest quarterly results beat earnings expectations, reporting $0.04 EPS versus $0.02 expected, though revenue of $218.91 million was slightly below the $220.40 million consensus estimate.

Universal Technical Institute (NYSE:UTI - Get Free Report) had its target price dropped by analysts at B. Riley Financial from $48.00 to $45.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's price objective indicates a potential upside of 102.99% from the stock's current price.

UTI has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Truist Financial cut their target price on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Texas Capital lowered Universal Technical Institute from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 21st. Weiss Ratings cut Universal Technical Institute from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Finally, Northland Securities set a $35.00 price target on Universal Technical Institute in a research report on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.33.

Universal Technical Institute Price Performance

NYSE UTI opened at $22.17 on Wednesday. The firm's 50-day moving average is $20.96 and its two-hundred day moving average is $32.29. Universal Technical Institute has a 12 month low of $18.02 and a 12 month high of $51.34. The stock has a market capitalization of $1.22 billion, a P/E ratio of 35.76 and a beta of 1.19.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $218.91 million for the quarter, compared to analysts' expectations of $220.40 million. As a group, analysts anticipate that Universal Technical Institute will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter worth approximately $323,080,000. Punch & Associates Investment Management Inc. purchased a new position in Universal Technical Institute in the 2nd quarter valued at approximately $46,879,000. Dimensional Fund Advisors LP boosted its position in Universal Technical Institute by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company's stock valued at $46,826,000 after buying an additional 9,153 shares during the period. Conestoga Capital Advisors LLC boosted its position in Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company's stock valued at $46,646,000 after buying an additional 1,203,985 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in shares of Universal Technical Institute by 18.7% in the second quarter. Alyeska Investment Group L.P. now owns 1,075,771 shares of the company's stock worth $46,011,000 after acquiring an additional 169,513 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc NYSE: UTI is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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