After Barrington and Argus Research gave Universal Technical Institute (NYSE: UTI) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Steve Frankel initiated coverage with a Buy rating on Universal Technical Institute today and set a price target of $11.00. The company’s shares closed last Monday at $7.34.
According to TipRanks.com, Frankel is ranked 0 out of 5 stars with an average return of -7.7% and a 32.3% success rate. Frankel covers the Technology sector, focusing on stocks such as Dolby Laboratories, Avid Technology, and Harmonic.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Universal Technical Institute with a $12.40 average price target, which is a 68.0% upside from current levels. In a report issued on June 28, Argus Research also upgraded the stock to Buy with a $10.00 price target.
Universal Technical Institute’s market cap is currently $244.8M and has a P/E ratio of 12.36.
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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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