Ultrapar Participações S.A. (NYSE:UGP) Receives Consensus Rating of “Hold” from Analysts

Ultrapar Participações S.A. (NYSE:UGP) has received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.10.

UGP has been the subject of several research reports. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reduced their price target on shares of Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating for the company in a research report on Thursday. Finally, Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th.

Institutional Investors Weigh In On Ultrapar Participações

A number of hedge funds have recently made changes to their positions in the business. D Orazio & Associates Inc. raised its stake in shares of Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 3,498 shares during the period. Aigen Investment Management LP raised its stake in Ultrapar Participações by 19.4% in the 3rd quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares during the period. Signaturefd LLC raised its stake in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 6,476 shares during the period. Inspire Advisors LLC raised its stake in Ultrapar Participações by 33.7% in the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after acquiring an additional 9,794 shares during the period. Finally, Jane Street Group LLC raised its stake in Ultrapar Participações by 26.0% in the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 10,037 shares during the period. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Stock Performance

NYSE UGP opened at $2.69 on Friday. The company has a fifty day simple moving average of $2.92 and a 200 day simple moving average of $3.62. Ultrapar Participações has a 12-month low of $2.53 and a 12-month high of $6.34. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.99 billion, a P/E ratio of 5.84, a PEG ratio of 2.17 and a beta of 1.52.

Ultrapar Participações Company Profile

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.