Universal Technical Institute (NYSE:UTI) Upgraded by Wall Street Zen to Buy Rating

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.

Universal Technical Institute (NYSE:UTI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other research analysts have also recently issued reports about the stock. 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 research report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 7th. Finally, Truist Financial upped their price target on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, Universal Technical Institute has a consensus rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Trading Down 4.0%

NYSE:UTI opened at $27.23 on Friday. The company has a 50-day moving average price of $29.09 and a 200-day moving average price of $29.82. Universal Technical Institute has a 12 month low of $15.14 and a 12 month high of $36.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.78 and a beta of 1.65.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UTI. Newbridge Financial Services Group Inc. bought a new stake in shares of Universal Technical Institute in the second quarter worth approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of Universal Technical Institute in the second quarter worth approximately $28,000. KBC Group NV bought a new stake in shares of Universal Technical Institute in the second quarter worth approximately $34,000. PNC Financial Services Group Inc. grew its stake in shares of Universal Technical Institute by 17,142.9% in 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 period. Finally, CWM LLC lifted its holdings in shares of 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 buying an additional 1,110 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.