Ultrapetrol target cut to $4.50 at Stifel, which sees changes ahead


Ultrapetrol's (ULTR -1.2%) price target is lowered to $4.50 from $5 at Stifel, noting Q2's EBITDA contribution from the River segment was $14M below its expectations due to high water levels resulting in delays for 22% of cargo in the quarter and also lower than expected contribution from barge sales as ULTR shifted more of its construction capacity to the owned fleet.

The firm believes Southern Cross' increased stake in ULTR to 85% from 67% could precipitate a buyout of the remaining 15% of public equity, closing the gap between current valuation and the sum of the parts (Briefing.com).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs