Could Ultrapar Participações S.A. (UGP) See a Reversal After Breaking Its 52-Week Low?

July 16, 2018 - By Kristin Houston

Ultrapar Participações S.A. (NYSE:UGP) Logo

The stock of Ultrapar Participações S.A. (NYSE:UGP) hit a new 52-week low and has $9.98 target or 8.00 % below today’s $10.85 share price. The 7 months bearish chart indicates high risk for the $5.86 billion company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $9.98 price target is reached, the company will be worth $468.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.12% or $0.35 during the last trading session, reaching $10.85. About 539,654 shares traded. Ultrapar Participações S.A. (NYSE:UGP) has declined 41.87% since July 16, 2017 and is downtrending. It has underperformed by 54.44% the S&P500.

Analysts await Ultrapar Participações S.A. (NYSE:UGP) to report earnings on August, 1 after the close. They expect $0.21 earnings per share, up 50.00 % or $0.07 from last year’s $0.14 per share. UGP’s profit will be $113.42M for 12.92 P/E if the $0.21 EPS becomes a reality. After $0.04 actual earnings per share reported by Ultrapar Participações S.A. for the previous quarter, Wall Street now forecasts 425.00 % EPS growth.

Another recent and important Ultrapar Participações S.A. (NYSE:UGP) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Antero Midstream, Generac Holdings, Town Sports …” on July 02, 2018.

Ultrapar Participações S.A., through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses. The company has market cap of $5.86 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 17.36 P/E ratio. The Gas Distribution segment distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers, principally in the South, Southeast, and Northeast regions of Brazil.

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