Universal Technical Institute (NYSE:UTI) Price Target Raised to $30.00 at Rosenblatt Securities

Universal Technical Institute (NYSE:UTI) had its target price increased by Rosenblatt Securities from $22.00 to $30.00 in a report released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. B. Riley increased their target price on shares of Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northland Securities increased their target price on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report 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 stock an “outperform” rating in a report on Thursday, November 21st. Lake Street Capital increased their target price on shares of Universal Technical Institute from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Truist Financial raised their price objective on shares of Universal Technical Institute from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.33.

Universal Technical Institute Trading Up 0.3 %

UTI opened at $26.04 on Tuesday. The firm’s fifty day moving average is $17.93 and its two-hundred day moving average is $16.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.08. The firm has a market cap of $1.40 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. Universal Technical Institute has a twelve month low of $10.46 and a twelve month high of $26.43.

Institutional Investors Weigh In On Universal Technical Institute

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd increased its stake 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 buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in Universal Technical Institute in the 2nd quarter valued at $43,000. Quarry LP increased its stake in Universal Technical Institute by 380.6% in the 3rd quarter. Quarry LP now owns 3,859 shares of the company’s stock valued at $63,000 after buying an additional 3,056 shares during the last quarter. International Assets Investment Management LLC increased its stake in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Universal Technical Institute in the 3rd quarter valued at $152,000. 75.67% of the stock is currently 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.