UGP Overview

Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation of selling them at even higher prices. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.

Ultrapar Participacoes S.A. Performance: Ultrapar Participacoes S.A. (UGP) has a Momentum Style Score of B and a Zacks Rank of #2 (Buy), with shares increasing 24.69% over the past quarter, outperforming the S&P 500.

Earnings Estimates and Trading Volume: UGP has seen positive earnings estimate revisions, with the consensus estimate rising from $0.28 to $0.41. The stock's average 20-day trading volume is 2,842,560 shares, indicating strong market interest.

Investment Recommendations: Zacks Investment Research highlights UGP as a promising momentum pick and suggests keeping an eye on it, along with other top stock recommendations that have high potential for significant gains.

Skillsoft Corp.: This training services company has a Zacks Rank #1, with a 240.9% increase in current year earnings estimates over the last 60 days and a PEG ratio of 0.36.

Micron Technology, Inc.: A memory and storage products company also holding a Zacks Rank #1, it has seen a 24.4% rise in current year earnings estimates in the past 60 days, with a PEG ratio of 0.51.

Ultrapar Participaçoes S.A.: This distributor of petroleum products has a Zacks Rank #1 and a 51.9% increase in current year earnings estimates over the last 60 days, with a PEG ratio of 1.96.

Investment Recommendations: Zacks Investment Research highlights these stocks as strong growth candidates, with additional insights available for investors looking for high-potential stocks.

Current Stock Performance: Ultrapar Participacoes SA's shares have surpassed the average analyst 12-month target price of $4.04, trading at $4.09/share, prompting potential reassessment by analysts regarding future target prices.

Analyst Target Range: The average target price is influenced by various analysts, with estimates ranging from $3.46 to $4.50, indicating differing opinions on the stock's valuation.

Investor Considerations: Investors are encouraged to evaluate whether the current price of $4.09 is a stepping stone to higher targets or if the valuation has become too stretched, suggesting a possible need to sell.

Analyst Ratings Overview: The article references a rating scale from 1 (Strong Buy) to 5 (Strong Sell) to summarize the overall sentiment of analysts covering Ultrapar Participacoes SA.

Ultrapar Participaçoes S.A.: This company has a Zacks Rank #1 and a PEG ratio of 1.90, with a 51.9% increase in current year earnings estimates over the last 60 days.

Zurn Elkay Water Solutions Corporation: Also holding a Zacks Rank #1, this company has a PEG ratio of 2.23 and a 4.2% increase in current year earnings estimates in the past 60 days.

Seagate Technology Holdings plc: With a Zacks Rank #1, Seagate has a PEG ratio of 1.00 and a 7% increase in current year earnings estimates over the last 60 days.

Semiconductor Market Growth: A company specializing in semiconductor products is poised for growth, with the global semiconductor manufacturing market projected to rise from $452 billion in 2021 to $971 billion by 2028.

Validea's Contrarian Investor Model: Today's upgrades for Validea's Contrarian Investor model highlight two stocks, Ultrapar Participacoes SA and Deutsche Lufthansa AG, both showing improved ratings based on their fundamentals and valuations, with scores rising to 83%.

Ultrapar Participacoes SA Overview: Ultrapar is a Brazilian company involved in automotive fuel retail and operates in five segments, including gas distribution and drugstores, focusing on liquefied petroleum gas and various fuel types.

Deutsche Lufthansa AG Overview: Deutsche Lufthansa is a major aviation company providing global passenger and cargo air transportation services, with segments including passenger airlines, logistics, and maintenance services.

David Dreman's Investment Strategy: David Dreman, known for his successful contrarian investment strategies, has a notable track record with his Kemper-Dreman High Return Fund, which was highly ranked in performance during the late 1980s to late 1990s.