Ultrapar Participações S.A. (NYSE:UGP) Receives $4.25 Consensus Price Target from Brokerages

Shares of Ultrapar Participações S.A. (NYSE:UGP) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.25.

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. The Goldman Sachs Group decreased their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Finally, Citigroup upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th.

Institutional Trading of Ultrapar Participações

Large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in shares of Ultrapar Participações during the 4th quarter valued at about $46,000. TCG Advisory Services LLC purchased a new stake in shares of Ultrapar Participações in the 4th quarter valued at approximately $62,000. D Orazio & Associates Inc. acquired a new stake in shares of Ultrapar Participações during the 1st quarter worth approximately $66,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Ultrapar Participações during the 1st quarter valued at approximately $80,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Ultrapar Participações during the 2nd quarter valued at approximately $57,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Stock Up 1.9 %

Shares of UGP opened at $4.44 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.95 billion, a P/E ratio of 9.25, a PEG ratio of 3.51 and a beta of 1.64. The stock’s 50 day moving average is $4.09 and its two-hundred day moving average is $4.93. Ultrapar Participações has a 12 month low of $3.39 and a 12 month high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Analysts predict that Ultrapar Participações will post 0.3 earnings per share for the current fiscal year.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a dividend of $0.0446 per share. The ex-dividend date is Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s payout ratio is 16.67%.

About Ultrapar Participações

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.