Argus upgraded shares of Universal Technical Institute (NYSE:UTI) from a hold rating to a buy rating in a research note released on Tuesday morning, Benzinga reports. The firm currently has $12.00 price objective on the stock.

UTI has been the topic of several 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. ValuEngine raised shares of Universal Technical Institute from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, B. Riley began coverage on shares of Universal Technical Institute in a research note on Tuesday, December 17th. They set a buy rating and a $9.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Universal Technical Institute presently has an average rating of Buy and an average price target of $8.92.

Shares of UTI opened at $9.21 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.00. The company has a market capitalization of $236.60 million, a price-to-earnings ratio of -54.18 and a beta of 1.21. The company’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $6.02. Universal Technical Institute has a 1 year low of $2.85 and a 1 year high of $9.76.

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 consensus estimate of $0.02 by $0.08. The business had revenue of $87.23 million for the quarter, compared to the consensus estimate of $86.90 million. Universal Technical Institute had a net margin of 1.35% and a return on equity of 11.60%. Equities analysts expect that Universal Technical Institute will post 0.13 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in Universal Technical Institute by 23.5% during the third quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock worth $121,000 after purchasing an additional 4,226 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Universal Technical Institute during the fourth quarter worth approximately $154,000. Alpine Global Management LLC purchased a new position in Universal Technical Institute during the fourth quarter worth approximately $78,000. Falcon Point Capital LLC purchased a new position in Universal Technical Institute during the fourth quarter worth approximately $649,000. Finally, BlackRock Inc. raised its stake in Universal Technical Institute by 2.2% during the second quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock worth $1,816,000 after purchasing an additional 11,280 shares during the period. 62.67% of the stock is currently 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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