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 $14.70.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 8.8% and a 47.41% success rate. Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, OneMain Holdings, and Bitcoin Depot.
Universal Technical Institute has an analyst consensus of Strong Buy, with a price target consensus of $17.40, which is a 18.37% upside from current levels. In a report released today, B.Riley Financial also maintained a Buy rating on the stock with a $17.00 price target.
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Based on Universal Technical Institute’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $170.3 million and a net profit of $6.7 million. In comparison, last year the company earned a revenue of $110.64 million and had a net profit of $2.83 million
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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.
Read More on UTI:
- Universal Technical Institute Reports Fiscal Year 2024 First Quarter Results
- UTI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Universal Technical names Carolyn Frank as chief human resource officer
- Universal Technical initiated with an Outperform at Northland
- Universal Technical Institute, Inc. Announces Conversion of All Series A Preferred Stock into Common Stock
