After Argus Research and Barrington gave Universal Technical Institute (NYSE: UTI) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Steve Frankel reiterated a Buy rating on Universal Technical Institute yesterday and set a price target of $11.00. The company’s shares closed last Tuesday at $7.62.
According to TipRanks.com, Frankel is a 1-star analyst with an average return of -5.5% and a 43.8% success rate. Frankel covers the Technology sector, focusing on stocks such as Dolby Laboratories, Avid Technology, and Harmonic.
Currently, the analyst consensus on Universal Technical Institute is a Strong Buy with an average price target of $12.00, which is a 56.9% upside from current levels. In a report issued on July 22, Barrington also reiterated a Buy rating on the stock with a $14.00 price target.
The company has a one-year high of $11.45 and a one-year low of $5.65. Currently, Universal Technical Institute has an average volume of 375.5K.
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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.
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