Universal Technical Institute Inc (NYSE:UTI) Stock Has Consensus Price Target of $42.83

Key Points

• Analysts maintain a “Moderate Buy” consensus on Universal Technical Institute, with four buy ratings and three holds. The average 12-month price target is $42.83, well above the stock’s reported $20.88 opening price.
• UTI’s latest quarterly results exceeded expectations on earnings, reporting $0.04 EPS versus a $0.02 consensus estimate, while revenue of $218.91 million came in slightly below the $220.40 million forecast.
• Institutional investors and hedge funds own approximately 75.67% of UTI’s shares, although the stock remains substantially below its 1-year high of $51.34 and trades below its 200-day moving average.

Universal Technical Institute Inc (NYSE:UTI - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.83.

Several analysts recently commented on UTI shares. Northland Securities set a $35.00 price target on Universal Technical Institute in a research note on Thursday, September 10th. Weiss Ratings lowered Universal Technical Institute from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Texas Capital cut Universal Technical Institute from a "strong-buy" rating to a "hold" rating in a report on Monday, September 21st. Rosenblatt Securities reissued a "buy" rating and set a $45.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, B. Riley Financial reduced their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th.

Universal Technical Institute Stock Up 1.2%

NYSE UTI opened at $20.88 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $22.70 and its two-hundred day moving average is $33.68. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 1.88 and a beta of 1.19. Universal Technical Institute has a 1-year low of $18.02 and a 1-year high of $51.34.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. Equities analysts forecast that Universal Technical Institute will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds have recently made changes to their positions in UTI. Nykredit A S bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $25,000. PNC Financial Services Group Inc. raised its position in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. State of Wyoming bought a new position in Universal Technical Institute in the 2nd quarter valued at $109,000. Focus Partners Advisor Solutions LLC bought a new position in Universal Technical Institute in the 2nd quarter valued at $235,000. Finally, Brady Martz Wealth Solutions LLC acquired a new position in Universal Technical Institute in the first quarter worth $203,000. Institutional investors and hedge funds own 75.67% of the company's stock.

About Universal Technical Institute

Universal Technical Institute, Inc NYSE: UTI is a provider of postsecondary education and career training in the United States. The company prepares students for employment in transportation, skilled trades, energy, technology and healthcare-related fields through hands-on instruction, classroom learning and online or hybrid programs.

Its programs cover automotive, diesel, collision repair, motorcycle, marine and NASCAR-related technologies, as well as welding, CNC machining, robotics and automation, wind turbine technology, industrial maintenance and other technical disciplines.

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