Zacks: Universal Technical Institute, Inc. (UTI) Given $6.00 Consensus Target Price by Analysts

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12 month consensus price objective of $6.00 for the company, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 196 out of 265 based on the ratings given to related companies.

A number of brokerages have issued reports on UTI. Piper Jaffray Companies reissued a “hold” rating and set a $6.00 target price on shares of Universal Technical Institute in a report on Tuesday, October 17th. ValuEngine cut shares of Universal Technical Institute from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut shares of Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Universal Technical Institute by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 44,919 shares of the company’s stock worth $160,000 after purchasing an additional 2,086 shares during the period. Northern Trust Corp grew its position in Universal Technical Institute by 2.6% in the second quarter. Northern Trust Corp now owns 52,052 shares of the company’s stock worth $186,000 after acquiring an additional 1,330 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Universal Technical Institute in the third quarter worth $289,000. Skylands Capital LLC grew its position in Universal Technical Institute by 44.3% in the third quarter. Skylands Capital LLC now owns 108,000 shares of the company’s stock worth $375,000 after acquiring an additional 33,150 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Universal Technical Institute in the second quarter worth $426,000. 57.07% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute (NYSE UTI) traded down $0.04 during trading on Thursday, reaching $2.65. The company had a trading volume of 37,821 shares, compared to its average volume of 27,745. Universal Technical Institute has a fifty-two week low of $2.21 and a fifty-two week high of $3.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $68.04, a P/E ratio of -5.00 and a beta of 3.50.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Thursday, November 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Universal Technical Institute had a negative net margin of 2.51% and a negative return on equity of 5.65%. The business had revenue of $81.33 million for the quarter. equities analysts anticipate that Universal Technical Institute will post -0.39 earnings per share for the current year.

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About Universal Technical Institute

Universal Technical Institute, Inc is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech).

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