Zacks: Universal Technical Institute, Inc. (UTI) Given $5.10 Consensus Target Price by Analysts

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

Analysts have set a 1-year consensus price target of $5.10 for the company and are expecting that the company will post ($0.17) earnings per share for the current quarter, according to Zacks. Zacks has also given Universal Technical Institute an industry rank of 31 out of 255 based on the ratings given to related companies.

Several equities analysts have recently weighed in on UTI shares. ValuEngine raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Zacks Investment Research lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th.

Universal Technical Institute stock traded down $0.11 during midday trading on Monday, reaching $3.21. 8,243 shares of the company’s stock were exchanged, compared to its average volume of 31,370. Universal Technical Institute has a 52 week low of $1.86 and a 52 week high of $4.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $82.60 million, a P/E ratio of -1.98 and a beta of 1.66.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Tuesday, February 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.25). Universal Technical Institute had a negative net margin of 12.31% and a negative return on equity of 25.82%. The firm had revenue of $83.05 million for the quarter, compared to analyst estimates of $81.30 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. Research analysts forecast that Universal Technical Institute will post -0.59 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Universal Technical Institute by 29.6% in the 4th quarter. Bank of New York Mellon Corp now owns 25,482 shares of the company’s stock valued at $93,000 after buying an additional 5,824 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of Universal Technical Institute during the 4th quarter valued at about $45,000. BlackRock Inc. boosted its stake in shares of Universal Technical Institute by 3.6% during the 4th quarter. BlackRock Inc. now owns 519,982 shares of the company’s stock valued at $1,897,000 after purchasing an additional 17,878 shares in the last quarter. Quantum Capital Management boosted its stake in shares of Universal Technical Institute by 21.4% during the 3rd quarter. Quantum Capital Management now owns 460,217 shares of the company’s stock valued at $1,224,000 after purchasing an additional 81,125 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Universal Technical Institute by 163.9% during the 4th quarter. Northern Trust Corp now owns 143,804 shares of the company’s stock valued at $525,000 after purchasing an additional 89,307 shares in the last quarter. Institutional investors own 60.80% of the company’s stock.

About Universal Technical Institute

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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