Ultrapar Participacoes S.A. (NYSE: UGP) is -13.02% lower on its value in year-to-date trading and has touched a low of $2.21 and a high of $4.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UGP stock was last observed hovering at around $3.75 in the last trading session, with the day’s gains setting it 0.19% off its average median price target of $4.36 for the next 12 months. It is also 22.75% off the consensus price target high of $5.10 offered by 9 analysts, but current levels are 1.25% higher than the price target low of $3.99 for the same period.
Currently trading at $3.94, the stock is 4.51% and 6.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing 5.07% at the moment leaves the stock 3.20% off its SMA200. UGP registered 49.24% gain for a year compared to 6-month gain of 23.51%. The firm has a 50-day simple moving average (SMA 50) of $3.6382 and a 200-day simple moving average (SMA200) of $3.8687.
The stock witnessed a 7.36% loss in the last 1 month and extending the period to 3 months gives it a -2.23%, and is 2.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.41% over the week and 3.30% over the month.
Ultrapar Participacoes S.A. (UGP) has around 15946 employees, a market worth around $4.39B and $14.92B in sales. Current P/E ratio is 26.27 and Fwd P/E is 14.92. Profit margin for the company is 1.10%. Distance from 52-week low is 78.28% and -16.88% from its 52-week high. The company has generated returns on investments over the last 12 months (4.20%).
Ultrapar Participacoes S.A. (UGP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ultrapar Participacoes S.A. (UGP) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ultrapar Participacoes S.A. is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $4.09B over the same period.The EPS is expected to grow by 138.80% this year, but quarterly earnings will post 24.70% year-over-year. Quarterly sales are estimated to shrink -14.70% in year-over-year returns.
Ultrapar Participacoes S.A. (UGP) Top Institutional Holders
122 institutions hold shares in Ultrapar Participacoes S.A. (UGP), with institutional investors hold 3.27% of the company’s shares. The shares outstanding are 1.08B, and float is at 746.77M with Short Float at 0.56%. Institutions hold 3.27% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 7.09 million shares valued at $32.13 million. The investor’s holdings represent 0.64% of the UGP Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 5.15 million shares valued at $23.33 million to account for 0.46% of the shares outstanding. The other top investors are CIBC Private Wealth Group, LLC which holds 3.57 million shares representing 0.32% and valued at over $16.17 million, while State Street Corporation holds 0.22% of the shares totaling 2.49 million with a market value of $11.3 million.
Ultrapar Participacoes S.A. (UGP): Who are the competitors?
The company’s main competitors (and peers) include Petroleo Brasileiro S.A. – Petrobras (PBR) that is trading 34.15% up over the past 12 months. Braskem S.A. (BAK) is 150.49% up on the 1-year trading charts. Short interest in the company’s stock has fallen -5.51% from the last report on Apr 14, 2021 to stand at a total of 4.21 million short shares sold with a short interest ratio of 2.41.