Ultrapar Participacoes S.A. (UGP) Price Target: Is It Set To Rise Or Fall In Price?

Ultrapar Participacoes S.A. (NYSE:UGP) traded with a subtraction of -$0.16 to $2.51 on Thursday, a downside of -6.18 percent. An average of 1,365,032 shares of common stock have been traded in the last five days. There was a fall of -$0.21 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,297,948 shares traded, while the 50-day average volume stands at 1,369,947.

UGP stock has decreased by -0.74% in the last month. The company shares reached their 1-month lowest point of $2.49 on 10/21/21. With the stock rallying to its 52-week high on 01/04/21, shares of the company touched a low of $2.53 and a high of $4.74 in 52 weeks. It has reached a new high 1 time so far this year and lost -41.04% or -$2.02 in price. In spite of this, the price is down -47.13% from the 52-week high.


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Valuation Metrics

Ultrapar Participacoes S.A. (UGP) has a trailing price-to-earnings (P/E) ratio of 20.23, which compares with the 18.90 for the broader industry and 20.14 for the sector. In the last five years, Ultrapar Participacoes S.A.’s PE ratio has ranged between 184.42 and 13.27. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.17, the price-to-book (PB) ratio at 1.66, and the price-to-cash flow ratio at 17.51.

Ultrapar Participacoes S.A. pays a $0.07 dividend per share annually. It offers a dividend yield of 2.80%. The company has a payout ratio of 451.80%. The company’s most recent quarterly dividend payment took place on Sep. 7, and it was $0.0381 a share, representing a down of -67.41% from $0.1169 last year. Its latest decrease dividend $0.0788 reported on Friday August 13 2021.Dividends have grown by -81.01% each year over the last three years.

The quick ratio of Ultrapar Participacoes S.A. for the three months ended June 29 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.51 and a total debt to equity ratio of 1.85 for the quarter ending June 29. Ultrapar Participacoes S.A.’s EBITDA margin for the year ending June 29 is 3.66%, while its operating margin for the same period stands at 1.80%. Its gross profit as reported stood at $1.09 billion compared to revenue of $15.76 billion.

Earnings Surprise

For the three-month period that ended June 29, Ultrapar Participacoes S.A. had $1.04 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $927.7 million in the quarter, while revenues were grew 56.57%. The analyst consensus anticipated Ultrapar Participacoes S.A.’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0, a -100.00% surprise. For the quarter, EBITDA amounted to $88.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ultrapar Participacoes S.A. (UGP) price momentum. RSI 9-day as of the close on 20 October was 35.46%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.75%.

As of today, UGP’s price is $2.67 -7.72% or -$0.21 from its 5-day moving average. UGP is currently trading -16.33% lower than its 20-day SMA and -38.18% lower than its 100-day SMA. However, the stock’s current price level is -24.85% below the SMA50 and -43.34% below the SMA200.

The stochastic %K and %D were 27.07% and 47.64%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 5.80% and the average true range at 0.13, the RSI (14) stands at 38.67%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.

Analyst Ratings

The consensus rating for Ultrapar Participacoes S.A. (UGP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UGP, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is UGP’s price target for the next 12 months?

Analysts predict a range of price targets between $3.18 and $4.70, with a median target of $4.22. Taking a look at these predictions, the average price target given by analysts for Ultrapar Participacoes S.A. (UGP) stock is $4.13.

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