Universal Technical Institute (NYSE:UTI) Upgraded at Wall Street Zen

Key Points

• Universal Technical Institute was recently upgraded to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• Analysts have raised their price targets for the stock, with Lake Street Capital setting a target of $38.00 and Truist Financial increasing theirs to $40.00.
• Universal Technical Institute reported strong earnings, with a net margin of 7.79% and revenue of $204.30 million for the quarter, surpassing analysts' expectations.

Wall Street Zen upgraded shares of Universal Technical Institute (NYSE:UTI - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Several other research firms have also weighed in on UTI. Truist Financial lifted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Lake Street Capital reaffirmed a "buy" rating and set a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, August 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Stock Performance

UTI traded up $0.94 during trading on Friday, reaching $28.60. 842,920 shares of the company's stock were exchanged, compared to its average volume of 567,677. Universal Technical Institute has a 1 year low of $15.14 and a 1 year high of $36.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.56 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.74 and a beta of 1.65. The company's fifty day simple moving average is $28.78 and its 200-day simple moving average is $29.81.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million for 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%. As a group, research analysts predict that Universal Technical Institute will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at approximately $27,000. Penserra Capital Management LLC acquired a new stake in Universal Technical Institute during the 2nd quarter worth $28,000. KBC Group NV acquired a new position in Universal Technical Institute during the second quarter worth about $34,000. PNC Financial Services Group Inc. boosted its position in 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 acquiring an additional 1,200 shares during the last quarter. Finally, CWM LLC boosted its position in Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after acquiring an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors 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.