Universal Technical Institute Inc (NYSE:UTI) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Universal Technical Institute Inc has received a consensus recommendation of "Buy" from six brokerage firms, with five analysts rating it as a buy and one as a strong buy.
• The average 1-year price target for the stock is $35.83, while recent performance shows the stock opened at $31.44 with a 12-month high of $36.32.
• In their latest earnings report, Universal Technical Institute beat analyst expectations with a reported $0.19 earnings per share and revenues of $204.30 million for the quarter.

Universal Technical Institute Inc (NYSE:UTI - Get Free Report) has received a consensus recommendation of "Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.8333.

A number of analysts have weighed in on the stock. Rosenblatt Securities restated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Monday.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $31.44 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.71 billion, a PE ratio of 27.58, a P/E/G ratio of 2.07 and a beta of 1.58. Universal Technical Institute has a 12-month low of $15.14 and a 12-month high of $36.32. The business's 50-day moving average price is $28.58 and its two-hundred day moving average price is $30.10.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. As a group, analysts expect that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute in the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of Universal Technical Institute in the second quarter worth $28,000. KBC Group NV acquired a new stake in Universal Technical Institute in the second quarter valued at $34,000. PNC Financial Services Group Inc. raised 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 last quarter. Finally, CWM LLC raised 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 last quarter. 75.67% of the stock is owned by institutional investors.

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.

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