Universal Technical Institute (NYSE:UTI) Receives "Outperform" Rating from Barrington Research

Key Points

• Barrington Research has reiterated an "outperform" rating for Universal Technical Institute (NYSE:UTI) with a target price of $36.00, suggesting a potential upside of 9.89% from its previous close.
• Despite positive ratings from several analysts, Wall Street Zen downgraded the stock from "buy" to "hold" on September 21st, contributing to a mixed market outlook with an average price target of $35.83.
• Universal Technical Institute reported an EPS of $0.19 for the last quarter, surpassing estimates and indicating a strong financial performance with a market cap of $1.78 billion.

Universal Technical Institute (NYSE:UTI - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $36.00 target price on the stock. Barrington Research's price target indicates a potential upside of 9.89% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Stock Performance

Shares of Universal Technical Institute stock traded up $0.91 during midday trading on Monday, hitting $32.76. The company had a trading volume of 474,714 shares, compared to its average volume of 763,489. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.00 and a beta of 1.65. 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 company has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $30.00. Universal Technical Institute has a 12-month low of $15.14 and a 12-month high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates 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 predict that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Technical Institute

A number of hedge funds and other institutional investors have recently made changes to their positions in UTI. Engineers Gate Manager LP raised its holdings in shares of Universal Technical Institute by 4.3% during the 2nd quarter. Engineers Gate Manager LP now owns 12,299 shares of the company's stock worth $417,000 after acquiring an additional 506 shares during the period. SkyView Investment Advisors LLC raised its holdings in shares of Universal Technical Institute by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 42,404 shares of the company's stock worth $1,460,000 after acquiring an additional 506 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Universal Technical Institute by 4.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 10,892 shares of the company's stock worth $369,000 after acquiring an additional 513 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Universal Technical Institute by 17.0% during the 2nd quarter. New York State Teachers Retirement System now owns 4,254 shares of the company's stock worth $144,000 after acquiring an additional 618 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Universal Technical Institute by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 75.67% of the company's stock.

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.

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