Ultrapar (UGP) Receives Upgrade and Price Target Boost to R$22

Monday, Jul 28, 2025 8:31 am ET1min read

Scotiabank has upgraded Ultrapar (UGP) from Sector Perform to Outperform with a new price target of R$22, indicating strong growth and value expectations. The average one-year price target from 6 analysts is $4.01, with a high estimate of $4.80 and a low estimate of $3.46, implying an upside of 33.67% from the current price of $3.00. The average brokerage recommendation is 2.3, indicating an "Outperform" status.

Scotiabank has upgraded Ultrapar (UGP) from Sector Perform to Outperform, reflecting strong growth and value expectations. The brokerage has set a new price target of R$22, indicating an upside of 33.67% from the current price of R$3.00. The average one-year price target from 6 analysts is R$4.01, with a high estimate of R$4.80 and a low estimate of R$3.46. The average brokerage recommendation is 2.3, indicating an "Outperform" status [1].

Ultrapar operates in the refining and marketing of petroleum products, with a focus on the Brazilian market. The company's strong performance in the first quarter of 2025, driven by robust demand and higher refining margins, has bolstered investor confidence [2]. Scotiabank's upgrade highlights the potential for further growth and value in the stock, driven by the company's strategic position in the Brazilian market and its ability to benefit from global energy trends.

The upgrade comes amidst a period of significant market volatility and geopolitical uncertainty, but Scotiabank's analysts remain optimistic about Ultrapar's prospects. The company's strong balance sheet, strategic initiatives, and management team are key factors contributing to this positive outlook [3].

Investors should monitor Ultrapar's earnings reports and any updates from the company or analysts to gauge the impact of the upgrade and the potential for further price appreciation. The upgrade signals a bullish sentiment among analysts, but it is essential to consider the broader market context and Ultrapar's specific fundamentals before making investment decisions.

References:
[1] https://www.cnn.com/markets/stocks/UGP
[2] https://www.cnn.com/markets/stocks/UGP
[3] https://www.cnn.com/markets/stocks/UGP

Ultrapar (UGP) Receives Upgrade and Price Target Boost to R$22

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