UGI Corporation (NYSE:UGI) Stock Has Average Target Price of $45.80

Key Points

• Analyst sentiment is moderately bullish: Of eight analysts covering UGI, five rate it a buy, one a strong buy, and two a hold. The average 12-month price target is $45.80.
• Recent analyst views were mixed: Jefferies upgraded UGI to buy, while Wells Fargo cut its target to $42; other firms set targets ranging from $43 to $54.
• UGI missed quarterly expectations, reporting a loss of $0.20 per share versus the estimated $0.08 loss, with revenue of $1.33 billion versus expectations of $1.50 billion.

Shares of UGI Corporation (NYSE:UGI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.80.

A number of equities analysts recently issued reports on UGI shares. Wells Fargo & Company dropped their price objective on UGI from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Scotiabank assumed coverage on shares of UGI in a research note on Tuesday, September 29th. They set an "outperform" rating and a $46.00 target price for the company. Jefferies Financial Group raised shares of UGI from a "hold" rating to a "buy" rating and boosted their target price for the company from $40.00 to $43.00 in a research note on Wednesday, September 9th. Huntington began coverage on shares of UGI in a report on Monday, September 14th. They issued an "outperform" rating and a $54.00 price target on the stock. Finally, Zacks Research raised shares of UGI from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th.

Institutional Trading of UGI

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC purchased a new stake in UGI during the third quarter valued at approximately $363,000. Csenge Advisory Group boosted its stake in UGI by 1.4% in the third quarter. Csenge Advisory Group now owns 29,767 shares of the utilities provider's stock valued at $1,062,000 after acquiring an additional 418 shares in the last quarter. AlphaCore Capital LLC grew its holdings in UGI by 10.2% in the third quarter. AlphaCore Capital LLC now owns 6,704 shares of the utilities provider's stock worth $241,000 after purchasing an additional 619 shares during the last quarter. Private Management Group Inc. grew its holdings in UGI by 4.4% in the third quarter. Private Management Group Inc. now owns 1,104,312 shares of the utilities provider's stock worth $39,391,000 after purchasing an additional 46,424 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of UGI by 47.3% during the third quarter. Ethic Inc. now owns 107,589 shares of the utilities provider's stock worth $3,838,000 after purchasing an additional 34,549 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

UGI Price Performance

UGI stock opened at $38.12 on Thursday. The firm has a 50-day moving average price of $37.76 and a 200-day moving average price of $36.73. The firm has a market capitalization of $8.18 billion, a PE ratio of 12.75 and a beta of 0.94. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28. UGI has a 12-month low of $31.65 and a 12-month high of $41.34.

UGI (NYSE:UGI - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.12). UGI had a net margin of 9.20% and a return on equity of 12.80%. The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.50 billion. As a group, equities research analysts forecast that UGI will post 2.81 EPS for the current year.

About UGI

UGI Corporation is a diversified energy company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, it has developed into an operator and distributor of energy businesses serving residential, commercial, industrial and institutional customers.

Through UGI Utilities, the company distributes natural gas and provides electric utility service in parts of Pennsylvania. Its other operations include natural gas marketing, midstream services and energy-related activities in the United States, along with propane distribution through AmeriGas and liquefied petroleum gas distribution in Europe through UGI International.

UGI's businesses serve customers across the United States and selected European markets.

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