Universal Technical’s (UTI) leading position in providing technical education to aspiring automotive professionals, and its business model of working closely with leading OEMs provide the company a competitive advantage.
The company’s sustained effort to expand educational programs helps it to boost enrollments, and in turn, the top-line. Moreover, higher education sees a counter-cyclical movement during sluggish economic conditions.
Furthermore, the company’s debt-free balance sheet, and healthy cash reserves augur well for future operating performance. Our current target price is $28 per share.Zacks Investment Research
