Universal Technical Institute (NYSE:UTI) Stock Price Expected to Rise, Northland Securities Analyst Says

Universal Technical Institute (NYSE:UTI) had its target price increased by research analysts at Northland Securities from $20.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential downside of 5.44% from the stock’s previous close.

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

Universal Technical Institute Stock Performance

Shares of UTI opened at $25.38 on Thursday. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $25.60. The stock has a market cap of $1.37 billion, a P/E ratio of 50.76, a PEG ratio of 1.45 and a beta of 1.34. 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 company has a 50-day moving average of $17.37 and a two-hundred day moving average of $16.68.

Hedge Funds Weigh In On Universal Technical Institute

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