Ultrapar Participacoes S.A. ADR (NYSE:UGP) finished Wednesday with a subtraction of -$0.02 to close at $3.57, a downside of -0.56 percent. An average of 1,562,040 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 1,032,640 shares traded, while the 50-day average volume stands at 1,228,768.
UGP stock has decreased by -5.31% in the last month. The company shares reached their 1-month lowest point of $3.53 on 09/27/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $2.13 and a high of $4.11 in 52 weeks. It has reached a new high 35 times so far this year and achieved 47.52% or $1.15 in price. In spite of this, the price is down -13.14% from the 52-week high.
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Valuation Metrics
Ultrapar Participacoes S.A. ADR (UGP) has a trailing price-to-earnings (P/E) ratio of 14.89. The stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.15, the price-to-book (PB) ratio at 1.56, and the price-to-cash flow ratio at 28.42.
The company has a payout ratio of 24.76%. The company’s most recent quarterly dividend payment was $0.0516 a share, representing a up of 203.53% from $0.0170 last year. Its latest increase dividend $0.0346 reported on Thursday August 10 2023.
Financial Health
The quick ratio of Ultrapar Participacoes S.A. ADR for the three months ended June 29 was 1.53, and the current ratio was 1.97, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 1.18 for the quarter ending June 29. Ultrapar Participacoes S.A. ADR’s EBITDA margin for the year ending June 29 is 3.27%, while its operating margin for the same period stands at 2.64%. Its gross profit as reported stood at $1.43 billion compared to revenue of $27.82 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ultrapar Participacoes S.A. ADR’s return on assets was 4.03%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $342.16 million in the quarter, while revenues were grew 50.92%. The analyst consensus anticipated Ultrapar Participacoes S.A. ADR’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.04, a -20.00% surprise. For the quarter, EBITDA amounted to $274.77 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ultrapar Participacoes S.A. ADR (UGP) price momentum. RSI 9-day as of the close on 27 September was 35.84%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.45%.
As of today, UGP’s price is $3.67 -7.51% or -$0.29 from its 5-day moving average. UGP is currently trading -6.79% lower than its 20-day SMA and +11.56% higher than its 100-day SMA. However, the stock’s current price level is -10.08% below the SMA50 and +45.71% above the SMA200.
The stochastic %K and %D were 23.07% and 34.96%, respectively, and the average true range (ATR) was 0.11. With the 14-day stochastic at 10.11% and the average true range at 0.11, the RSI (14) stands at 40.25%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
Jefferies launched coverage on Ultrapar Participacoes S.A. ADR (NYSE: UGP) in its analyst report released on September 21, 2023. The firm assigned the stock an Underperform rating. The consensus rating for Ultrapar Participacoes S.A. ADR (UGP) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell UGP, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $3.42 and $4.50, with a median target of $4.08. Taking a look at these predictions, the average price target given by analysts for Ultrapar Participacoes S.A. ADR (UGP) stock is $3.96.
