Jefferies Upgrades UGI to Buy from Hold
Fintel reports that on September 9, 2026, Jefferies upgraded their outlook for UGI (NYSE:UGI) from Hold to Buy. This rating action on September 9, 2026, follows a prior action by the same firm on April 30, 2026, when Jefferies downgraded the company from Buy to Hold.
On the day of the upgrade, September 9, 2026, the latest close for UGI was $38.54. This compares to a pre-action close of $38.27 on September 8, 2026. Looking at recent performance, the stock experienced a price change of +1.69% over one week, relative to a baseline close of $37.90 on September 2, 2026. Over a one-month period, the price change was +12.76% from a baseline close of $34.18 on August 7, 2026.
The upgrade stands alongside broader analyst consensus data. As of August 28, 2026, the current consensus target mean for UGI was $42.16, with a median target of $42.84. This mean target represents an implied change of +9.39% from the stock's valuation at that time. Previously, on August 4, 2026, the prior consensus target mean was $43.18, reflecting a consensus target revision of -2.36%. In terms of recommendations, as of September 1, 2026, the current recommendation breakdown consisted of 1 strong buy, 4 buy, 2 hold, 0 sell, and 0 strong sell ratings, totaling 7 recommendations. This represents 71.4% positive, 28.6% hold, and 0.0% negative recommendations. This distribution was identical to the prior recommendation period as of August 1, 2026, which also recorded 1 strong buy, 4 buy, 2 hold, 0 sell, and 0 strong sell ratings across 7 total recommendations.
UGI reported its latest earnings on August 5, 2026. The actual earnings per share (EPS) was -0.2, compared to an estimated EPS of -0.1091. The company's actual revenue was reported at $1,331,000,000,000,000.00, while the estimated revenue was $1,552,370,000,000,000.00. Following these earnings, UGI filed a Form 10-Q with the Securities and Exchange Commission on August 6, 2026. In this filing, the company reported that for the three months ended June 30, 2025, revenues from external customers for UGI International were $ 437 and for AmeriGasPropane were $ 434, with a net income (loss) attributable to UGI of $ (163). Subsequently, on August 17, 2026, UGI submitted a Form 8-K current report with an earliest event date of August 11, 2026, listing its principal executive offices at 500 North Gulph Road, King of Prussia, PA 19406.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 9, 2026 | Jefferies | Hold | Buy | upgrade |
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