Analysts Set $5.40 Target Price for Universal Technical Institute, Inc. (NYSE:UTI)

Shares of Universal Technical Institute, Inc. (NYSE:UTI) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price objective of $5.40 for the company and are predicting that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Universal Technical Institute an industry rank of 31 out of 256 based on the ratings given to its competitors.

Several analysts have issued reports on the company. Zacks Investment Research cut Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine lowered Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 22NW LP raised its stake in shares of Universal Technical Institute by 80.7% in the fourth quarter. 22NW LP now owns 2,249,966 shares of the company’s stock valued at $8,212,000 after acquiring an additional 1,005,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Universal Technical Institute by 7.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,537,756 shares of the company’s stock valued at $5,244,000 after acquiring an additional 108,600 shares in the last quarter. Northern Trust Corp lifted its position in Universal Technical Institute by 163.9% in the 4th quarter. Northern Trust Corp now owns 143,804 shares of the company’s stock valued at $525,000 after acquiring an additional 89,307 shares in the last quarter. Mcclain Value Management LLC lifted its position in Universal Technical Institute by 23.4% during the 1st quarter. Mcclain Value Management LLC now owns 252,679 shares of the company’s stock worth $862,000 after buying an additional 47,901 shares in the last quarter. Finally, Regentatlantic Capital LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter worth about $72,000. Institutional investors and hedge funds own 59.97% of the company’s stock.

Shares of UTI remained flat at $$3.38 during mid-day trading on Friday. The stock had a trading volume of 1,160 shares, compared to its average volume of 19,429. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The firm has a market cap of $86.18 million, a PE ratio of -2.09 and a beta of 1.51. Universal Technical Institute has a 1-year low of $1.86 and a 1-year high of $4.20.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.10). Universal Technical Institute had a negative return on equity of 25.21% and a negative net margin of 11.16%. The company had revenue of $81.75 million for the quarter, compared to analysts’ expectations of $81.60 million. As a group, sell-side analysts expect that Universal Technical Institute will post -0.77 EPS for the current fiscal year.

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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