UGI Corp (UGI) Receives $52.25 Average PT from Brokerages

UGI Corp (NYSE:UGI) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $52.25.

A number of brokerages have weighed in on UGI. Bank of America lifted their target price on UGI from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Zacks Investment Research downgraded UGI from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays set a $53.00 price objective on UGI and gave the company a “sell” rating in a report on Friday, October 12th. ValuEngine upgraded UGI from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a $54.00 price objective on shares of UGI in a report on Friday, August 17th.

In other news, insider Joseph L. Hartz sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $55.51, for a total transaction of $999,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.36% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in UGI during the second quarter worth $124,000. Almanack Investment Partners LLC. bought a new stake in UGI during the third quarter worth $160,000. Quad Cities Investment Group LLC bought a new stake in UGI during the second quarter worth $167,000. MHI Funds LLC grew its holdings in UGI by 9,160.5% during the second quarter. MHI Funds LLC now owns 3,519 shares of the utilities provider’s stock worth $183,000 after buying an additional 3,481 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in UGI during the third quarter worth $203,000. Hedge funds and other institutional investors own 79.57% of the company’s stock.

UGI stock traded down $1.03 during mid-day trading on Wednesday, reaching $56.91. The company’s stock had a trading volume of 1,117,050 shares, compared to its average volume of 831,442. The company has a market cap of $9.83 billion, a P/E ratio of 20.77, a PEG ratio of 2.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.15. UGI has a 12 month low of $42.51 and a 12 month high of $58.13.

UGI (NYSE:UGI) last issued its earnings results on Monday, November 12th. The utilities provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.13. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. UGI had a return on equity of 12.02% and a net margin of 11.11%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, research analysts predict that UGI will post 2.89 earnings per share for the current year.

About UGI

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.

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Analyst Recommendations for UGI (NYSE:UGI)

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