In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Universal Technical Institute (UTI), with a price target of $9.00. The company’s shares closed last Tuesday at $7.52.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 3.6% and a 42.9% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Adtalem Global Education, and Franklin Covey Company.
Currently, the analyst consensus on Universal Technical Institute is a Strong Buy with an average price target of $9.50, representing a 27.0% upside. In a report issued on July 31, B.Riley FBR also reiterated a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $9.76 and a one-year low of $2.75. Currently, Universal Technical Institute has an average volume of 315.8K.
Based on the recent corporate insider activity of 39 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, 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.
