Barrington analyst Alexander Paris reiterated a Buy rating on Universal Technical Institute (UTI – Research Report) on July 20 and set a price target of $9.00. The company’s shares closed last Thursday at $5.65.
According to TipRanks.com, Paris is a 5-star analyst with an average return of 16.7% and a 52.9% success rate. Paris covers the Services sector, focusing on stocks such as American Public Education, Adtalem Global Education, and Grand Canyon Education.
Currently, the analyst consensus on Universal Technical Institute is a Strong Buy with an average price target of $10.00.
Based on Universal Technical Institute’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $77.71 million and GAAP net loss of $1.55 million. In comparison, last year the company earned revenue of $82.72 million and had a net profit of $10.14 million.
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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.