Look At Analyst Expectations For A Better Read On Ultrapar Participacoes S.A. (NYSE: UGP)

GLBE Stock
GLBE Stock

Millennium Management LLC recently announced the acquisition of new stake in Ultrapar Participacoes S.A. (NYSE:UGP). The institutional investor has increased its shareholding in the Energy company by 391.25% to 1.8 million shares with purchase of 1.43 million shares. This fresh investment now brings its stake to 0.16% valued currently at $6.48 million. In addition, SPX Equities Gestão de Recursos L.. raised its holdings by 0.13 million to 1.69 million shares. And BNP Paribas Arbitrage SNC has lifted its position by 69.02% or 0.42 million shares – to 1.03 million shares.

With over 1.18 million Ultrapar Participacoes S.A. (UGP) shares trading Tuesday and a closing price of $3.77 on the day, the dollar volume was approximately $4.46 million. The shares have shown a positive weekly performance of 3.01% and its price on 09/01/20 gained nearly 7.10%. Currently, there are 1.09B common shares owned by the public and among those 805.39M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for UGP have a consensus price objective of $4.05. The analysts have set the share’s price value over the next 12 months at a high of $4.56 and a low of $2.89 should the stock experience a downside. Incidentally, analysts’ outlook for the Ultrapar Participacoes S.A. stock is 2.20 for the next 12 months. The average price target is 9.38% above its last price level and an upside to the estimated low will see the stock lose -30.45% over that period. But an upside of 17.32% will see the stock hit the forecast high price target while mean target price for the stock is $4.24.

The top 3 mutual fund holders in Ultrapar Participacoes S.A. are iShares Tr. – Global Infrastructu, Genesis Emerging Markets Investme, and iShares Tr. – Global Energy ETF. iShares Tr. – Global Infrastructu owns 2.19 million shares of the company’s stock, all valued at over $7.89 million. Genesis Emerging Markets Investme sold -0.18 million shares to see its total holdings shrink to 1.56 million shares valued at over $5.63 million and representing 0.14% of the shares outstanding. iShares Tr. – Global Energy ETF now owns shares totaling to 0.07% of the shares outstanding.

Shares of Ultrapar Participacoes S.A. (NYSE: UGP) opened at $3.69, up $0.17 from a prior closing price of $3.52. However, the script later closed the day at $3.77, up 7.10%. The company’s stock has a 5-day price change of 3.01% and 2.17% over the past three months. UGP shares are trading -39.78% year to date (YTD), with the 12-month market performance down to -7.82% lower. It has a 12-month low price of $1.97 and touched a high of $6.68 over the same period. Currently, 1.18 million shares have been traded, compared to an average intraday trading volume of 911.39K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.44%, 6.88%, and -6.92% respectively.

Institutional ownership of Ultrapar Participacoes S.A. (NYSE: UGP) shares accounts for 3.40% of the company’s 1.09B shares outstanding. Mutual fund holders own 0.81%, while other institutional holders and individual stakeholders account for 2.45% and — respectively.

It has a market capitalization of $3.98B and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 99.21, while the earnings-per-share (ttm) stands at $0.04. The company has a PEG of 141.73 and a Quick Ratio of 2.00 with the debt-to-equity ratio at 2.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.62% over the week and 4.29% over the month.

Analysts forecast that Ultrapar Participacoes S.A. (UGP) will achieve an EPS of $0.05 for the current quarter, $0.06 for the next quarter and $0.24 for 2021. The lowest estimate earnings-per-share for the quarter is $0.05 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -67.50%, and 54.32% over the next financial year. EPS should grow at an annualized rate of 0.70% over the next five years, compared to -21.20% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Ultrapar Participacoes S.A. (UGP) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 3 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the UGP, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on June 02, 2020, with the firm’s price target at. Goldman coverage for the Ultrapar Participacoes S.A. (UGP) stock in a research note released on May 20, 2020 offered a Buy rating with a price target of. BofA/Merrill was of a view on March 31, 2020 that the stock is Buy, while Citigroup gave the stock Buy rating on February 10, 2020, issuing a price target of. BofA/Merrill on their part issued Neutral rating on January 17, 2020.


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