Wells Fargo Starts Universal Technical Institute (UTI) at Market Perform; Well Liked, But Fully Valued
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Price: $25.15 -2.67%
Rating Summary:
12 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 0 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on Universal Technical Institute (NYSE: UTI) with a Market Perform. PT range $11-12.
Analyst, Trace A. Urdan, said, "As a pure-play, best-in-class provider of automotive repair training, UTI represents a unique asset among the publicly-traded post-secondary operators. Though its value proposition and outcomes measures remain very strong, its enrollment has suffered as consumers have become increasingly reluctant to borrow for school. We like the asset but believe it is already fully valued against our CY2014 EPS estimate. Our FY2012 and FY2013 EPS estimates are $0.34 and $0.51, respectively."
For an analyst ratings summary and ratings history on Universal Technical Institute click here. For more ratings news on Universal Technical Institute click here.
Shares of Universal Technical Institute closed at $12.07 yesterday.
Analyst, Trace A. Urdan, said, "As a pure-play, best-in-class provider of automotive repair training, UTI represents a unique asset among the publicly-traded post-secondary operators. Though its value proposition and outcomes measures remain very strong, its enrollment has suffered as consumers have become increasingly reluctant to borrow for school. We like the asset but believe it is already fully valued against our CY2014 EPS estimate. Our FY2012 and FY2013 EPS estimates are $0.34 and $0.51, respectively."
For an analyst ratings summary and ratings history on Universal Technical Institute click here. For more ratings news on Universal Technical Institute click here.
Shares of Universal Technical Institute closed at $12.07 yesterday.
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