Northland Securities Issues Positive Forecast for Universal Technical Institute (NYSE:UTI) Stock Price

Universal Technical Institute (NYSE:UTI) had its price objective increased by investment analysts at Northland Securities from $20.00 to $24.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential downside of 5.44% from the stock’s current price.

UTI has been the subject of several other reports. Truist Financial assumed coverage on Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 target price for the company. B. Riley raised their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. 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. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Buy” and a consensus price target of $24.00.

Universal Technical Institute Price Performance

UTI opened at $25.38 on Thursday. Universal Technical Institute has a twelve month low of $10.46 and a twelve month high of $25.60. The firm has a market cap of $1.37 billion, a price-to-earnings 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 fifty day simple moving average of $17.37 and a 200 day simple moving average of $16.68.

Institutional Trading of Universal Technical Institute

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Universal Technical Institute by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock valued at $15,496,000 after buying an additional 85,417 shares during the period. Guardian Wealth Management Inc. lifted its holdings in Universal Technical Institute by 5,347.0% in the third quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock worth $1,407,000 after acquiring an additional 84,964 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Universal Technical Institute in the third quarter valued at approximately $174,000. Pier Capital LLC boosted its stake in Universal Technical Institute by 57.3% in the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after acquiring an additional 201,573 shares during the period. Finally, State Street Corp grew its holdings in shares of Universal Technical Institute by 3.6% during the third 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 during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.