Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Universal Technical Institute (NYSE:UTI) had its target price upped by stock analysts at Lake Street Capital from $19.00 to $22.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s target price points to a potential downside of 13.32% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. Truist Financial assumed coverage on Universal Technical Institute in a research report on Thursday, July 25th. They set a “buy” rating and a $22.00 price target for the company. Barrington Research restated an “outperform” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research report on Friday, November 15th. StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, B. Riley increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Universal Technical Institute has an average rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Price Performance

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

Institutional Trading of Universal Technical Institute

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Universal Technical Institute by 6,256.0% during the third quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC bought a new position in Universal Technical Institute during the 2nd quarter worth approximately $43,000. Quarry LP increased its stake in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock worth $63,000 after purchasing an additional 3,056 shares during the period. International Assets Investment Management LLC lifted its position in Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after purchasing an additional 3,815 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after purchasing an additional 9,512 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

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.