UGI

UGI · NYSE

$38.58+$0.51 (+1.34%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $38.07

UGI analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $46.31 (+20.0% upside)

Low: $42.42
Now: $38.58
High: $56.70

Upgrades and downgrades

The latest rating actions, newest first

UGI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Scotiabank	Sep 29, 2026	Initiates	Sector Outperform	$46.00	88%
Jefferies	Sep 9, 2026	Upgrade	Hold → Buy	$40.00 → $43.00	57%
Wells Fargo	Aug 7, 2026	Maintains	Overweight	$45.00 → $42.00	40%
Wells Fargo	May 12, 2026	Initiates	Overweight	$46.00	40%
Jefferies	Apr 30, 2026	Downgrade	Buy → Hold	$45.00 → $40.00	57%
Mizuho	Dec 15, 2025	Maintains	Outperform	$41.00 → $44.00	71%

The case for and against

Updated Oct 17, 2024

Bull case

UGI Corp's positive outlook is supported by expected year-over-year growth in its Energy Services and Utilities segments, bolstered by new rate implementations in West Virginia and the benefits of Minimum Volume Commitments (MVC) protections. The company's long-term projections highlight a compound annual growth rate (CAGR) of approximately 6.5% for earnings per share (EPS) at UGI Utilities, backed by strong regulatory frameworks and a solid capital backlog. Furthermore, anticipated improvements in cash flow from its AmeriGas Propane segment and growth in the Midstream business with renewable natural gas projects are contributing factors to UGI's overall financial strength.

Bear case

UGI Corp is expected to lower its long-term earnings per share (EPS) growth targets from the previous range of 6-10% to mid-single digits, specifically around 4-6%, reflecting a more cautious outlook. The company's adjusted EPS estimates for FY1Q24 have been reduced to $1.01 per share, which signals a decline from the prior year and also falls below analyst consensus estimates. Additionally, the strategic shift to divert capital from LPG businesses to natural gas, along with lower capital expenditure projections and reduced growth expectations for the UGI International segment, underscores a constrained free cash flow situation that may hinder future investment opportunities.

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