Universal Technical Institute Inc . (NYSE:UTI) stock has reached a new 52-week high, hitting $26.65 amid a robust period of trading, with an average daily trading volume of 440,000 shares. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.18. This milestone reflects a significant surge in the company's stock value, marking a remarkable 141.06% change over the past year. With a market capitalization of $1.44 billion and impressive revenue growth of 20.63%, investors have shown increased confidence in UTI's market position and growth prospects, propelling the stock to this new high. InvestingPro analysis suggests the stock is currently trading above its Fair Value. The company's performance over the past 52 weeks, culminating in this latest peak, underscores a strong upward trend in its valuation, with a P/E ratio of 34.56 and a gross profit margin of 54.68%, signaling a potentially positive outlook for the future. Discover 11 more exclusive insights about UTI with a InvestingPro subscription, including detailed Pro Research Reports that transform complex data into actionable intelligence.
In other recent news, Universal Technical Institute (UTI) showcased a significant growth trajectory in its recent financial results. The company reported a 21% revenue increase to $733 million and a net income of $42 million in the fiscal year 2024. Additionally, UTI witnessed a 10% rise in average full-time active students, and a substantial 60% surge in adjusted EBITDA, reaching $103 million.
In response to these developments, Rosenblatt Securities raised its price target for UTI to $30.00, up from the previous $22.00, reiterating a Buy rating. This decision follows the company's strong performance, which Rosenblatt believes indicates potential for further growth and increased profit margins.
Looking ahead, UTI plans to continue its growth trajectory in fiscal 2025, forecasting revenue in the range of $800-$815 million. The company is entering Phase 2 of its North Star strategy, focusing on campus expansion, the introduction of new programs, and operational optimization. As part of this strategy, UTI plans to launch nine full-length programs and ten short courses across its campuses, with three new campuses set to open in 2026.
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