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

Universal Technical Institute (NYSE:UTI) had its price target raised by equities researchers at Rosenblatt Securities from $22.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 15.43% from the company’s previous close.

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

Universal Technical Institute Trading Up 0.2 %

UTI opened at $25.99 on Tuesday. Universal Technical Institute has a twelve month low of $10.46 and a twelve month high of $26.43. The company has a 50-day simple moving average of $17.74 and a 200 day simple moving average of $16.83. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.79 and a beta of 1.34.

Institutional Investors Weigh In On Universal Technical Institute

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Universal Technical Institute by 55.0% in the 1st quarter. Vanguard Group Inc. now owns 2,375,929 shares of the company’s stock worth $37,872,000 after acquiring an additional 842,765 shares during the last quarter. American International Group Inc. increased its holdings in Universal Technical Institute by 19.6% in the 1st quarter. American International Group Inc. now owns 19,494 shares of the company’s stock worth $311,000 after acquiring an additional 3,194 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Universal Technical Institute in the 1st quarter worth about $181,000. Price T Rowe Associates Inc. MD increased its holdings in Universal Technical Institute by 11.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,375 shares of the company’s stock worth $532,000 after acquiring an additional 3,446 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Universal Technical Institute by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 78,640 shares of the company’s stock worth $1,254,000 after acquiring an additional 2,798 shares during the last quarter. 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.