UGP

HSBC Upgrade: HSBC has upgraded Ultrapar (UGP) from Hold to Buy with a price target of $3.70.

Market Insights: TipRanks offers tools for investors to discover outperforming stocks and streamline their investment searches.

ETF Performance Highlights: Banco Bradesco and Ambev saw significant trading volumes with increases of 1.3% and 1.7%, respectively, while Beigene experienced the highest gain at 9.2%. In contrast, Ultrapar Participacoes declined by 1.5%.

Market Commentary: The article reflects the author's views on the ETF market, which may not align with Nasdaq, Inc.'s perspectives.

Ultrapar's Strategic Partnership: Ultrapar Participações S.A. is partnering with Supergasbrás Energia Ltda to enhance LPG supply in Brazil's North and Northeast regions, involving a joint investment of R$ 1.2 billion for a new terminal at the Port of Pecém, expected to be completed by 2028.

Focus on Supply Chain Efficiency: This collaboration emphasizes Ultrapar's commitment to improving supply chain efficiency and establishing significant partnerships within the energy sector.

Ultrapar Participacoes Q2 2024 Results: The company reported earnings per share of 8 cents, meeting analyst expectations, and revenue of $6.21 billion, surpassing estimates by 2.94%.

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Validea's Growth Investor Model Update: Ultrapar Participacoes SA (ADR) has seen its rating increase from 77% to 85% based on Martin Zweig's investment strategy, indicating strong interest due to its solid fundamentals and valuation in the Oil & Gas Operations industry.

Company Overview: Ultrapar is a Brazilian company involved in various sectors including gas distribution, fuel distribution, chemicals, storage, and drugstores, catering to both residential and commercial consumers across Brazil.

• Shares of Ultrapar Participacoes SA (Symbol: UGP) entered oversold territory with an RSI reading of 29.3.
• The current RSI reading of the S&P 500 ETF (SPY) is 62.5, indicating a comparison.
• A 29.3 RSI reading on UGP suggests that heavy selling may be slowing down, potentially signaling entry points for bullish investors.
• UGP's 52-week range shows a low of $3.245 per share and a high of $6.345 per share, with the last trade at $4.66.

• The article discusses the performance of UGP shares in the market and highlights oversold conditions.
• It mentions the author's views and clarifies that they do not necessarily represent those of Nasdaq, Inc.

• Shares of UGP have surpassed the average analyst target price of $5.30, trading at $5.31/share.
• Analysts may adjust their target prices based on business developments and valuation.
• There are 4 different analyst targets for UGP, with a range from $3.80 to $7.60.
• The average target price reflects a "wisdom of crowds" effort, considering various expert opinions.
• Investors are advised to reassess the company's potential growth or consider profit-taking strategies.

Ultrapar Participacoes S.A. (UGP) Stock Performance:

• UGP closed at $5.08, up 0.79% from the previous session, outperforming the S&P 500.
• Shares have declined by 10.95% in the past month, underperforming the sector but with a Zacks Rank of #3 (Hold).
• Investors are awaiting the upcoming earnings disclosure and should monitor analyst estimate changes.
• Valuation metrics like Forward P/E ratio and PEG ratio indicate potential for investors.
• The Oil and Gas - Production and Pipelines industry, where UGP belongs, has a Zacks Industry Rank of 93.

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Stock Recommendations:

• PDD Holdings Inc., NVIDIA Corporation, and Ultrapar Participações are recommended stocks with strong growth characteristics.
• PDD Holdings Inc. has a Zacks Rank #1 and a PEG ratio of 0.27, showing significant growth potential.
• NVIDIA Corporation's Zacks Consensus Estimate for earnings has increased by 17.2% in the last 60 days, with a PEG ratio of 1.17.
• Ultrapar Participações has seen a 23.1% increase in its Zacks Consensus Estimate for earnings, with a PEG ratio of 3.25.

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Ultrapar Participacoes S.A. Stock Performance:

• UGP stock closed at $5.21, down by 0.95% from the previous day, exceeding losses in major indices like S&P 500, Dow, and Nasdaq.
• The stock has dropped by 8.68% in the past month, underperforming its sector but holds a Zacks Rank of #1 (Strong Buy).
• Analyst estimates revisions impact stock prices, with UGP having a Forward P/E ratio of 16.44 and a PEG ratio of 3.28.
• The Oil and Gas - Production and Pipelines industry, where UGP belongs, has a Zacks Industry Rank of 55.

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Stocks with Strong Growth Characteristics:

• NVIDIA Corporation shows a 19.5% increase in earnings estimate, has a PEG ratio of 1.21, and a Growth Score of B.
• PDD Holdings Inc. has an 18% rise in earnings estimate, a PEG ratio of 0.28, and a Growth Score of A.
• Ultrapar Participações saw a 28% growth in earnings estimate, has a PEG ratio of 3.48, and a Growth Score of A.

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