Argus Upgrades Universal Technical Institute (NYSE:UTI) to “Buy”

Argus upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a report published on Tuesday morning, Benzinga reports. They currently have $12.00 price objective on the stock.

UTI has been the subject of a number of other research reports. TheStreet raised shares of Universal Technical Institute from a d+ rating to a c rating in a research note on Tuesday, December 3rd. B. Riley assumed coverage on shares of Universal Technical Institute in a research note on Tuesday, December 17th. They issued a buy rating and a $9.00 price objective for the company. Finally, ValuEngine raised shares of Universal Technical Institute from a sell rating to a hold rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Universal Technical Institute currently has an average rating of Buy and an average price target of $8.92.

UTI stock opened at $9.30 on Tuesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.00 and a quick ratio of 1.22. Universal Technical Institute has a one year low of $2.85 and a one year high of $9.76. The stock has a market cap of $239.43 million, a PE ratio of -54.71 and a beta of 1.21. The firm has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average of $6.04.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. Universal Technical Institute had a net margin of 1.35% and a return on equity of 11.60%. The company had revenue of $87.23 million during the quarter, compared to analysts’ expectations of $86.90 million. On average, research analysts expect that Universal Technical Institute will post 0.13 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in UTI. Renaissance Technologies LLC boosted its position in Universal Technical Institute by 6.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,668,196 shares of the company’s stock valued at $12,862,000 after buying an additional 107,734 shares during the period. Royce & Associates LP boosted its position in Universal Technical Institute by 22.6% during the 4th quarter. Royce & Associates LP now owns 949,032 shares of the company’s stock valued at $7,317,000 after buying an additional 175,000 shares during the period. BlackRock Inc. boosted its position in Universal Technical Institute by 2.2% during the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after buying an additional 11,280 shares during the period. FMR LLC purchased a new stake in Universal Technical Institute during the 4th quarter valued at $4,040,000. Finally, EAM Investors LLC boosted its position in Universal Technical Institute by 9.9% during the 4th quarter. EAM Investors LLC now owns 208,537 shares of the company’s stock valued at $1,608,000 after buying an additional 18,787 shares during the period. 62.67% of the stock is owned by institutional investors.

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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