Universal Technical Institute Inc (NYSE:UTI) stock soared to a 52-week high, reaching $27.08, as the company continues to ride a wave of strong performance. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.17, with robust revenue growth of 20.63% in the last twelve months. This milestone reflects a significant uptrend for the provider of technical education training, with the stock price appreciating by an impressive 91.29% over the past year. Investors have shown increasing confidence in UTI's growth prospects and strategic initiatives, which have been instrumental in driving the stock to its current heights. With a market capitalization of $1.45 billion and analysts setting a high price target of $30, the company appears to be trading above its Fair Value. Discover more insights and 10 additional ProTips for UTI through a comprehensive InvestingPro subscription.
In other recent news, Universal Technical Institute (UTI) demonstrated strong growth and expansion plans. Rosenblatt Securities has raised its stock target for UTI to $30, up from the previous $22, following the company's impressive performance in a recent quarter. The firm attributes this to the expanding skills gap and the retirement of baby boomers, which have led to increased demand for qualified workers. The firm's analysis suggests that UTI can sustain its growth trajectory and further improve its financial results.
UTI reported a 21% revenue increase to $733 million and a net income of $42 million in fiscal year 2024. The company also saw a 10% rise in average full-time active students and a significant 60% surge in adjusted EBITDA, reaching $103 million. UTI is entering Phase 2 of its North Star strategy, focusing on campus expansion, introducing new programs, and optimizing operations.
For fiscal 2025, UTI projects revenue in the range of $800-$815 million and plans to roll out new programs and campuses. UTI expects to continue its growth trajectory in fiscal 2025, meeting the increasing demand for skilled professionals. The company 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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