Argus Upgrades Universal Technical Institute (NYSE:UTI) to “Buy”

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Argus upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a report released on Tuesday morning, Benzinga reports. Argus currently has $12.00 target price on the stock.

A number of other research analysts have also recently issued reports on the stock. B. Riley initiated coverage on shares of Universal Technical Institute in a report on Tuesday, December 17th. They set a buy rating and a $9.00 price objective for the company. ValuEngine upgraded shares of Universal Technical Institute from a sell rating to a hold rating in a report on Friday, January 3rd. Finally, TheStreet upgraded shares of Universal Technical Institute from a d+ rating to a c rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $8.92.

Shares of NYSE UTI opened at $9.30 on Tuesday. The stock has a market capitalization of $239.43 million, a P/E ratio of -54.71 and a beta of 1.21. The company has a 50-day moving average price of $7.79 and a 200-day moving average price of $6.04. Universal Technical Institute has a 1 year low of $2.85 and a 1 year high of $9.76. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.00 and a quick ratio of 1.22.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $87.23 million during the quarter, compared to analysts’ expectations of $86.90 million. Universal Technical Institute had a net margin of 1.35% and a return on equity of 11.60%. As a group, equities research analysts anticipate that Universal Technical Institute will post 0.13 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in Universal Technical Institute by 23.5% during the third quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock worth $121,000 after purchasing an additional 4,226 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new position in Universal Technical Institute in the fourth quarter valued at about $154,000. Alpine Global Management LLC purchased a new position in Universal Technical Institute in the fourth quarter valued at about $78,000. Falcon Point Capital LLC purchased a new position in Universal Technical Institute in the fourth quarter valued at about $649,000. Finally, BlackRock Inc. boosted its stake in Universal Technical Institute by 2.2% in the second quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after acquiring an additional 11,280 shares during the last quarter. Institutional investors and hedge funds own 62.67% of the company’s stock.

About Universal Technical Institute

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

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