Universal Technical Institute (NYSE:UTI) Given New $26.00 Price Target at Truist Financial

Universal Technical Institute (NYSE:UTI) had its price target hoisted by equities research analysts at Truist Financial from $22.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 2.44% from the stock’s current price.

Other research analysts have also issued reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Lake Street Capital upped their target price on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. B. Riley raised their price target 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. Finally, Northland Securities boosted their price target on shares of Universal Technical Institute from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and an average target price of $24.00.

Universal Technical Institute Trading Up 7.5 %

Shares of NYSE UTI opened at $25.38 on Thursday. The firm has a 50 day moving average price of $17.37 and a two-hundred day moving average price of $16.68. The stock has a market cap of $1.37 billion, a P/E ratio of 50.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. Universal Technical Institute has a 52-week low of $10.46 and a 52-week high of $25.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.02.

Hedge Funds Weigh In On Universal Technical Institute

Several institutional investors have recently added to or reduced their stakes in UTI. Geode Capital Management LLC increased its stake 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 acquiring an additional 85,417 shares in the last quarter. Guardian Wealth Management Inc. grew 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 purchasing an additional 84,964 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Universal Technical Institute in the third quarter valued at $174,000. Pier Capital LLC raised its holdings in shares of Universal Technical Institute by 57.3% during the third quarter. Pier Capital LLC now owns 553,382 shares of the company’s stock valued at $8,998,000 after purchasing an additional 201,573 shares during the period. Finally, State Street Corp boosted its position in shares of Universal Technical Institute by 3.6% during the 3rd quarter. State Street Corp now owns 856,091 shares of the company’s stock worth $13,920,000 after purchasing an additional 29,461 shares in 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.