Universal Technical Institute (NYSE:UTI) PT Raised to $11.00 at B. Riley

Universal Technical Institute (NYSE:UTI) had its target price upped by equities researchers at B. Riley from $9.00 to $11.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 19.44% from the company’s previous close.

A number of other analysts have also recently weighed in on UTI. Argus upgraded shares of Universal Technical Institute from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday. ValuEngine upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, TheStreet upgraded shares of Universal Technical Institute from a “d+” rating to a “c” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Universal Technical Institute presently has an average rating of “Buy” and an average target price of $8.92.

NYSE UTI opened at $9.21 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.00 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $236.60 million, a PE ratio of -54.18 and a beta of 1.21. The company has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $6.02. Universal Technical Institute has a 12-month low of $2.85 and a 12-month high of $9.76.

Universal Technical Institute (NYSE:UTI) last posted its 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 firm had revenue of $87.23 million during the quarter, compared to analysts’ expectations of $86.90 million. As a group, equities analysts anticipate that Universal Technical Institute will post 0.13 EPS for the current year.

Several institutional investors have recently modified their holdings of UTI. Alpine Global Management LLC acquired a new stake in shares of Universal Technical Institute in the fourth quarter worth $78,000. Ieq Capital LLC acquired a new stake in shares of Universal Technical Institute in the fourth quarter worth $80,000. Alambic Investment Management L.P. acquired a new position in Universal Technical Institute during the 4th quarter valued at $113,000. Alpine Woods Capital Investors LLC acquired a new position in Universal Technical Institute during the 4th quarter valued at $116,000. Finally, Parallel Advisors LLC raised its stake in Universal Technical Institute by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock valued at $121,000 after purchasing an additional 4,226 shares during the last quarter. Institutional investors and hedge funds 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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