Ultrapar Participacoes SA (NYSE:UGP) traded down 7% on Thursday . The stock traded as low as $10.78 and last traded at $10.83. 1,722,151 shares traded hands during trading, an increase of 133% from the average session volume of 738,020 shares. The stock had previously closed at $11.64.
Several equities research analysts recently weighed in on the stock. Goldman Sachs Group raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of Ultrapar Participacoes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Credit Suisse Group downgraded shares of Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research report on Monday, July 23rd. UBS Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research report on Friday, August 24th. Finally, Santander raised shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.00.
The company has a current ratio of 2.27, a quick ratio of 1.81 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $6.48 billion, a P/E ratio of 11.93, a P/E/G ratio of 4.82 and a beta of 0.45.
About Ultrapar Participacoes (NYSE:UGP)
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. 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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