Truist Financial Forecasts Strong Price Appreciation for Universal Technical Institute (NYSE:UTI) Stock

Universal Technical Institute (NYSE:UTI) had its target price increased by investment analysts at Truist Financial from $22.00 to $26.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 2.44% from the company’s previous close.

UTI has been the subject of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Northland Securities lifted their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Barrington Research reissued an “outperform” rating and issued a $22.00 price target on shares of Universal Technical Institute in a report on Friday, November 15th. B. Riley boosted their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Lake Street Capital increased their target price on Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Stock Performance

UTI opened at $25.38 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.56. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $25.60. The business has a 50 day moving average of $17.37 and a 200-day moving average of $16.68. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 1.45 and a beta of 1.34.

Institutional Trading of Universal Technical Institute

Several large investors have recently bought and sold shares of UTI. Harbor Capital Advisors Inc. bought a new position in shares of Universal Technical Institute in the second quarter worth about $675,000. First Eagle Investment Management LLC boosted its position in Universal Technical Institute by 37.2% in the second quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock valued at $8,162,000 after buying an additional 140,600 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Universal Technical Institute during the second quarter worth $3,103,000. International Assets Investment Management LLC lifted its stake in shares of Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the last quarter. Finally, Pier Capital LLC boosted its holdings in shares of Universal Technical Institute by 15.7% during the 2nd quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock valued at $5,534,000 after acquiring an additional 47,819 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.