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

Universal Technical Institute (NYSE:UTI) had its price objective boosted by investment analysts at Rosenblatt Securities from $22.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 15.43% from the company’s current price.

UTI has been the subject of several other research reports. B. Riley raised their target price on Universal Technical Institute from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. 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 research note on Thursday, November 21st. Lake Street Capital lifted their price target on Universal Technical Institute from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Truist Financial lifted their price target on Universal Technical Institute from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Seven investment 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 a consensus target price of $25.33.

Universal Technical Institute Stock Up 0.2 %

Shares of NYSE UTI opened at $25.99 on Tuesday. Universal Technical Institute has a 52 week low of $10.46 and a 52 week high of $26.43. The business has a 50-day simple moving average of $17.74 and a two-hundred day simple moving average of $16.83. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.40 billion, a P/E ratio of 34.59, a P/E/G ratio of 1.79 and a beta of 1.34.

Institutional Trading of Universal Technical Institute

A number of hedge funds have recently bought and sold shares of UTI. Covestor Ltd lifted its position in Universal Technical Institute by 6,256.0% in the 3rd quarter. Covestor Ltd now owns 1,589 shares of the company’s stock worth $26,000 after buying an additional 1,564 shares during the last quarter. RiverPark Advisors LLC purchased a new position in Universal Technical Institute in the 2nd quarter worth approximately $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 worth $63,000 after purchasing an additional 3,056 shares during the period. 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 worth $66,000 after purchasing an additional 3,815 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after purchasing an additional 9,512 shares during the period. Institutional investors own 75.67% of the company’s stock.

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.