Universal Technical Institute (NYSE:UTI) Given New $25.00 Price Target at Barrington Research

Universal Technical Institute (NYSE:UTI) had its target price lifted by Barrington Research from $22.00 to $25.00 in a research note published on Thursday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on the stock. Lake Street Capital increased their price objective on shares of Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price target on shares of Universal Technical Institute in a research note on Wednesday, September 11th. StockNews.com raised Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. B. Riley upped their price objective on Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Northland Securities raised their target price on Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.00.

Universal Technical Institute Stock Performance

Universal Technical Institute stock opened at $23.61 on Thursday. The company has a market cap of $1.27 billion, a PE ratio of 47.22, 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. Universal Technical Institute has a 1 year low of $10.46 and a 1 year high of $24.44. The company’s 50-day moving average is $17.20 and its two-hundred day moving average is $16.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UTI. Geode Capital Management LLC raised its position in shares of Universal Technical Institute by 9.8% during the third quarter. Geode Capital Management LLC now owns 952,799 shares of the company’s stock worth $15,496,000 after purchasing an additional 85,417 shares during the period. Guardian Wealth Management Inc. grew its position in shares of Universal Technical Institute by 5,347.0% in the 3rd quarter. Guardian Wealth Management Inc. now owns 86,553 shares of the company’s stock valued at $1,407,000 after purchasing an additional 84,964 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Universal Technical Institute during the 3rd quarter worth approximately $174,000. Pier Capital LLC raised its holdings in Universal Technical Institute by 57.3% during the 3rd quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock worth $8,998,000 after buying an additional 201,573 shares during the period. Finally, State Street Corp lifted its stake in Universal Technical Institute by 3.6% in the third quarter. State Street Corp now owns 856,091 shares of the company’s stock valued at $13,920,000 after buying an additional 29,461 shares in the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

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.