The Attractiveness of Investing In Ultrapar Participacoes S.A. (UGP) is Growing


In the meantime, A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early June from “an Equal-weight” to “an Overweight”. Goldman also remained covering UGP and has increased its forecast on May 20, 2020 with a “Buy” recommendation from previously “Neutral” rating. BofA/Merrill revised its rating on March 31, 2020. It rated UGP as “a Buy” which previously was an “a Neutral”.

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Price Performance Review of UGP

On Tuesday, Ultrapar Participacoes S.A. [NYSE:UGP] saw its stock jump 3.25% to $2.54. On the same session, the stock had its day’s lowest price of $2.47, but rose to a high of $2.57. Over the last five days, the stock has gained 0.79%. Ultrapar Participacoes S.A. shares have risen nearly 4.96% since the year began. Nevertheless, the stocks have risen 3.29% over the past one year. While a 52-week high of $3.12 was reached on 01/12/23, a 52-week low of $2.13 was recorded on 01/03/23. SMA at 50 days reached $2.47, while 200 days put it at $2.56. A total of 1.7 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For UGP Stock

The 24-hour chart illustrates a support level at 2.48, which if violated will result in even more drops to 2.43. On the upside, there is a resistance level at 2.58. A further resistance level may holdings at 2.63. The Relative Strength Index (RSI) on the 14-day chart is 55.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.84%. Stochastics %K at 61.77% indicates the stock is a holding.

How much short interest is there in Ultrapar Participacoes S.A.?

A steep rise in short interest was recorded in Ultrapar Participacoes S.A. stocks on Oct 13, 2022, growing by 0.62 million shares to a total of 4.94 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.32 million shares. There was a rise of 12.55%, which implies that there is a positive sentiment for the stock.

Ultrapar Participacoes S.A. [UGP] – Who Are The Largest Shareholders?

In filings from Bizma Investimentos Ltda., it is revealed that the company now owns 16,708,667 shares, or roughly 1.50% of the outstanding UGP shares. Additionally, BlackRock Fund Advisors increased 14.19% of its stake after which the total value it holdings stand at $8,448,336. Over the last quarter, SSgA Funds Management, Inc. purchased 1,012,518 shares of Ultrapar Participacoes S.A., while Renaissance Technologies LLC bought -106,100 shares. At present, Marshall Wace LLP is holding 1,307,919 shares valued at $3.17 million. BlackRock Financial Management, I owned 1,171,598 shares of the company at the time of its most recent 13F filing, worth $2.84 million.

According to FactSet, Ultrapar Participacoes S.A.’s share price will average $3.23 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.27 percent from its previous closing price of $2.46. Analysts expect Ultrapar Participacoes S.A. stock to reach the higher price of $4.45, while the lowest price estimate is $2.63. However, 10 analysts have rated UGP stock as an Overweight in their predictions for 2023.


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