Ultrapar Participacoes Market Sentiment

Market sentiment signals for Ultrapar Participacoes (UGP): analyst consensus, short interest, options flow and insider activity.

Key Signals

Analyst Consensus— Hold

Short Interest▼ 1.5% short float

Options Flow▲ 0.36 P/C ratio

Insider Activity— N/A

Analyst Consensus

Hold

9 analysts

Options Flow (P/C)

0.36

More calls — Bullish

11 calls · 4 puts

Avg Consensus PT

+9.7%

Highest Price Target

+32.6%

UBS

Lowest Price Target

-6.0%

Jefferies

Short Interest

1.5%

Rising — Bearish

Insider Activity (30d)

—

Short Interest — % of Float

Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Sep 17, 2026	Scotiabank	Jorge Gabrich—	—	—	Downgrade	Sector Outperform→Sector Perform
Sep 4, 2026	UBS	——	+32.6%	$7 → $8	Maintained	Buy
Aug 26, 2026	Goldman Sachs	Bruno Amorim—	-2.7%	$7 → $6	Maintained	Neutral
Jul 8, 2026	B of A Securities	Leonardo Marcondes—	+24.2%	$7 → $7	Upgrade	Neutral→Buy
Jun 30, 2026	B of A Securities	Leonardo Marcondes—	+14.1%	$6 → $7	Maintained	Neutral
Jun 17, 2026	UBS	——	+20.8%	$7 → $7	Maintained	Buy
Apr 28, 2026	UBS	——	+17.4%	$7	Initiate	Buy
Apr 8, 2026	HSBC	Lilyanna Yang—	+0.7%	$5 → $6	Downgrade	Buy→Hold
Mar 13, 2026	Jefferies	Alejandro Demichelis—	-6.0%	$3 → $6	Upgrade	Underperform→Hold
Sep 26, 2025	Goldman Sachs	Bruno Amorim—	-24.5%	$4 → $5	Maintained	Buy
Jul 28, 2025	Scotiabank	——	—	—	Upgrade	Sector Perform→Sector Outperform
Jan 16, 2025	Goldman Sachs	Bruno Amorim—	-31.2%	$5 → $4	Maintained	Neutral
Jan 7, 2025	JP Morgan	Rodolfo Angele—	—	—	Upgrade	Neutral→Overweight
Jul 23, 2024	Goldman Sachs	Bruno Amorim—	-12.8%	$6 → $5	Maintained	Neutral
Jun 14, 2024	Citigroup	Gabriel Barra—	—	—	Upgrade	Neutral→Buy
Mar 20, 2024	Goldman Sachs	Bruno Amorim—	+0.7%	$5 → $6	Maintained	Neutral
Dec 13, 2023	Goldman Sachs	Bruno Amorim—	-11.1%	$5 → $5	Maintained	Neutral
Nov 13, 2023	Goldman Sachs	Bruno Amorim—	-22.8%	$4 → $5	Maintained	Neutral