Ultrapar Participacoes SA (NYSE:UGP) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.53.

A number of equities analysts recently weighed in on UGP shares. JPMorgan Chase & Co. lowered their price objective on shares of Ultrapar Participacoes from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. Banco Santander upgraded shares of Ultrapar Participacoes to a “buy” rating and set a $6.20 price objective on the stock in a research report on Tuesday. ValuEngine upgraded shares of Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Goldman Sachs Group started coverage on shares of Ultrapar Participacoes in a research report on Thursday, October 3rd. They set a “neutral” rating and a $4.70 target price on the stock. Finally, Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th.

A number of hedge funds have recently made changes to their positions in UGP. Marshall Wace LLP acquired a new position in Ultrapar Participacoes in the 1st quarter valued at about $121,000. World Asset Management Inc acquired a new position in shares of Ultrapar Participacoes during the 2nd quarter valued at about $54,000. Daiwa Securities Group Inc. increased its stake in shares of Ultrapar Participacoes by 127.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 108,700 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 60,850 shares during the last quarter. Greenleaf Trust increased its stake in shares of Ultrapar Participacoes by 105.8% during the 2nd quarter. Greenleaf Trust now owns 37,523 shares of the oil and gas company’s stock valued at $197,000 after acquiring an additional 19,289 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Ultrapar Participacoes by 100.0% during the 2nd quarter. Strs Ohio now owns 48,000 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 24,000 shares during the last quarter. 3.42% of the stock is owned by hedge funds and other institutional investors.

Shares of UGP traded up $0.05 during mid-day trading on Thursday, reaching $5.21. 1,458,800 shares of the company’s stock were exchanged, compared to its average volume of 1,190,622. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.97 and a quick ratio of 2.34. The stock has a market capitalization of $5.78 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.81 and a beta of 0.28. The business’s fifty day simple moving average is $4.97 and its 200-day simple moving average is $4.87. Ultrapar Participacoes has a 52-week low of $3.61 and a 52-week high of $7.90.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.07 earnings per share for the quarter. Ultrapar Participacoes had a net margin of 1.30% and a return on equity of 11.49%. The firm had revenue of $5.85 billion for the quarter. Equities research analysts predict that Ultrapar Participacoes will post 0.27 earnings per share for the current year.

Ultrapar Participacoes Company Profile

Ultrapar ParticipaƧƵes SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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Analyst Recommendations for Ultrapar Participacoes (NYSE:UGP)

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