Universal Technical Institute Inc (NYSE:UTI) Given Consensus Recommendation of "Buy" by Brokerages

Universal Technical Institute Inc (NYSE:UTI - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.8333.

Several equities analysts have recently weighed in on UTI shares. Lake Street Capital reissued a "buy" rating and set a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Truist Financial raised their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors and hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute during the second quarter valued at $27,000. Penserra Capital Management LLC acquired a new position in shares of Universal Technical Institute in the second quarter worth about $28,000. KBC Group NV purchased a new stake in shares of Universal Technical Institute during the second quarter worth about $34,000. PNC Financial Services Group Inc. increased its stake in shares of Universal Technical Institute by 17,142.9% during the second 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 in the last quarter. Finally, CWM LLC grew its stake in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after acquiring an additional 1,110 shares in the last quarter. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Trading Down 2.6%

Shares of UTI traded down $0.73 during trading hours on Monday, hitting $27.10. The company had a trading volume of 516,604 shares, compared to its average volume of 760,067. The firm has a market cap of $1.47 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.73 and a beta of 1.65. The stock's 50 day moving average price is $29.36 and its 200 day moving average price is $29.82. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute has a 52-week low of $15.14 and a 52-week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. On average, research analysts predict that Universal Technical Institute will post 1 EPS for the current year.

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.