Universal Technical Institute (NYSE:UTI) Price Target Raised to $11.00

Universal Technical Institute (NYSE:UTI) had its target price raised by B. Riley from $9.00 to $11.00 in a research report released on Wednesday, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on UTI. ValuEngine upgraded shares of Universal Technical Institute from a sell rating to a hold rating in a report on Friday, January 3rd. Argus upgraded shares of Universal Technical Institute from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Tuesday. 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’s stock. The stock presently has a consensus rating of Buy and an average price target of $8.92.

UTI stock opened at $9.30 on Wednesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.00. Universal Technical Institute has a 52-week low of $2.85 and a 52-week high of $9.76. The company has a 50-day moving average of $7.79 and a two-hundred day moving average of $6.04.

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

Hedge funds have recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth approximately $78,000. Ieq Capital LLC acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at $80,000. Cubist Systematic Strategies LLC acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at $108,000. Alambic Investment Management L.P. bought a new position in Universal Technical Institute in the fourth quarter worth $113,000. Finally, Alpine Woods Capital Investors LLC bought a new position in Universal Technical Institute in the fourth quarter worth $116,000. Institutional investors own 62.67% of the company’s stock.

Universal Technical Institute Company Profile

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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