The price of UGP is predicted to go up 3.35%, based on the high correlation periods with HBM. The similarity of these two price pattern on the periods is 93.86%.
UGP
HBM
Up: 3.35%Similarity: 93.86%
UGP Revenue Forecast
UGP EPS Forecast
UGP FAQs
What is bull’s view on UGP?
HSBC recently upgraded Ultrapar (UGP) to "Buy" with a price target of $3.70, citing improved operational efficiency and strategic focus. JPMorgan also upgraded the stock to "Overweight," highlighting attractive valuation levels and enhanced fuel distribution margins. These upgrades reflect optimism about Ultrapar's recovery and growth potential, supporting a bullish outlook.
What is bear's view on UGP?
UGP stock is currently trading at $2.84, down 3.07% from the previous close. The bearish view stems from its underperformance in the market despite operational improvements, with recent downgrades like Goldman Sachs reducing its price target to $4.10. Additionally, technical indicators suggest limited upside, with resistance at $2.93 and weak momentum.
What is UGP revenue forecast for next quarter?
The market consensus for UGP's revenue in the upcoming quarter is projected to be approximately $34.36B BRL.
JPMorgan upgraded Ultrapar to Overweight from Neutral with a price target of R$24, down from R$28. After a few operational setbacks in the previous years, Ultrapar management went "back to basics" and improved fuel distribution margins, expanded Ultracargo's footprint and strengthened Ultragaz positioning in the gas market, the analyst tells investors in a research note. The firm says that spite of this, Ultrapar shares underperformed significantly. The movement is overdone and current levels bring an attractive investment opportunity, contends JPMorgan.