Universal Technical Institute (NYSE:UTI) Price Target Raised to $24.00 at Northland Securities

Universal Technical Institute (NYSE:UTI) had its target price increased by Northland Securities from $20.00 to $24.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

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

Universal Technical Institute Price Performance

Shares of NYSE UTI traded up $0.73 on Thursday, hitting $24.34. The company’s stock had a trading volume of 222,931 shares, compared to its average volume of 522,308. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02. Universal Technical Institute has a 12-month low of $10.46 and a 12-month high of $24.57. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. The stock has a 50 day moving average of $17.20 and a 200-day moving average of $16.62.

Hedge Funds Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd increased its holdings in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock valued at $26,000 after purchasing an additional 1,564 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in Universal Technical Institute by 2.9% in the 2nd quarter. Pullen Investment Management LLC now owns 56,420 shares of the company’s stock worth $887,000 after acquiring an additional 1,600 shares during the period. ClariVest Asset Management LLC grew its position in Universal Technical Institute by 2.7% in the second quarter. ClariVest Asset Management LLC now owns 77,231 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,060 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Universal Technical Institute by 9.5% during the third quarter. BNP Paribas Financial Markets now owns 23,928 shares of the company’s stock valued at $389,000 after purchasing an additional 2,083 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Universal Technical Institute by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,118 shares of the company’s stock worth $197,000 after purchasing an additional 2,596 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.