Ultrapar Participacoes Surpasses Average Analyst Target Price of $3.59/Share

Ultrapar Participacoes SA (UGP) has crossed above the average analyst 12-month target price of $3.59, reaching $3.70/share. The average analyst target is based on 4 different analyst targets within the Zacks coverage universe, ranging from $3.20 to $4.00. The recent crossing above the average target price may indicate that the valuation has gotten stretched or that it is time to re-adjust the target price to a higher level.