Universal Technical Institute (NYSE:UTI) Given New $30.00 Price Target at Rosenblatt Securities

Universal Technical Institute (NYSE:UTI) had its target price boosted by Rosenblatt Securities from $22.00 to $30.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

UTI has been the subject of several other reports. Lake Street Capital lifted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Northland Securities lifted their target price on Universal Technical Institute from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Barrington Research increased their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. B. Riley boosted their price objective on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Buy” and a consensus target price of $25.33.

Universal Technical Institute Stock Performance

NYSE:UTI opened at $25.95 on Tuesday. The business has a fifty day simple moving average of $17.56 and a two-hundred day simple moving average of $16.75. Universal Technical Institute has a 1 year low of $10.46 and a 1 year high of $26.13. The company has a market capitalization of $1.40 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 1.02.

Institutional Trading of Universal Technical Institute

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Universal Technical Institute by 55.0% in the first quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock valued at $37,872,000 after acquiring an additional 842,765 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Universal Technical Institute by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,004,788 shares of the company’s stock worth $31,533,000 after purchasing an additional 36,135 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after purchasing an additional 85,417 shares in the last quarter. FMR LLC increased its position in shares of Universal Technical Institute by 73,048.1% during the 3rd quarter. FMR LLC now owns 879,240 shares of the company’s stock valued at $14,296,000 after purchasing an additional 878,038 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares in 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.