Northland Securities Remains a Buy on Universal Technical Institute (UTI)

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Universal Technical Institute (UTI – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $16.69.

Grondahl covers the Financial sector, focusing on stocks such as Lendingtree, Encore Capital, and WisdomTree. According to TipRanks, Grondahl has an average return of 9.4% and a 47.83% success rate on recommended stocks.

Currently, the analyst consensus on Universal Technical Institute is a Moderate Buy with an average price target of $18.50, a 10.84% upside from current levels. In a report released today, Lake Street also assigned a Buy rating to the stock with a $19.00 price target.

UTI market cap is currently $896.8M and has a P/E ratio of 64.72.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UTI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Universal Technical Institute (UTI) Company Description:

Universal Technical Institute, Inc. engages in the provision of postsecondary education. It operates through the Postsecondary Education and Other segments. The Postsecondary Education segment offers technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as well as welders and CNC machining technicians. The Other segment provides manufacturer-specific training and these operations are managed separately from campus operations. The company was founded by Robert I. Sweet in 1965 and is headquartered in Scottsdale, AZ.