Northland Securities analyst Michael Grondahl maintained a Buy rating on Universal Technical Institute (UTI – Research Report) today and set a price target of $18.00. The company’s shares closed last Friday at $14.66.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 10.8% and a 49.28% success rate. Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, OneMain Holdings, and Bitcoin Depot.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Universal Technical Institute with a $17.60 average price target, a 20.05% upside from current levels. In a report released on February 15, Lake Street 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 December 31, the company reported a quarterly revenue of $174.7 million and a net profit of $10.39 million. In comparison, last year the company earned a revenue of $120 million and had a net profit of $2.65 million
Based on the recent corporate insider activity of 30 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.
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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 participates in a conference call with Northland
- Universal Technical 3.96M share Block Trade priced at $15.20
- Universal Technical 3.96M share Spot Secondary; price range $15.20-$15.35
- Universal Technical price target raised to $18 from $15 at Barrington
- Universal Technical price target raised to $17 from $16 at B. Riley
