Universal Technical Institute Rating Increased to Neutral at Zacks (UTI)
Universal Technical Institute (NYSE:UTI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday. The firm currently has a $12.00 target price on the stock. Zacks‘s price target would suggest a potential upside of 6.67% from the company’s current price.
Shares of Universal Technical Institute (NYSE:UTI) traded up 0.89% on Monday, hitting $11.35. 6,601 shares of the company’s stock traded hands. Universal Technical Institute has a 52-week low of $10.02 and a 52-week high of $15.16. The stock’s 50-day moving average is $11.80 and its 200-day moving average is $12.16. The company has a market cap of $279.1 million and a price-to-earnings ratio of 225.00.
Universal Technical Institute (NYSE:UTI) last released its earnings data on Tuesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $91.32 million for the quarter, compared to the consensus estimate of $91.31 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Universal Technical Institute will post $0.10 earnings per share for the current fiscal year.
Universal Technical Institute, Inc (NYSE:UTI) is the provider of postsecondary education for students seeking careers as professional automotive, diesels, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.