Ultrapar Participacoes (UGP) Shares Down 7%

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.

Large investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. bought a new stake in Ultrapar Participacoes in the 3rd quarter worth approximately $120,000. CIBC World Markets Inc. bought a new stake in Ultrapar Participacoes in the 3rd quarter worth approximately $134,000. Greenleaf Trust bought a new stake in Ultrapar Participacoes in the 3rd quarter worth approximately $174,000. Capital Innovations LLC bought a new stake in Ultrapar Participacoes in the 3rd quarter worth approximately $181,000. Finally, Stevens Capital Management LP bought a new stake in Ultrapar Participacoes in the 2nd quarter worth approximately $202,000. 4.89% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2018/11/11/ultrapar-participacoes-ugp-shares-down-7.html.

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.

See Also: Dollar Cost Averaging

Receive News & Ratings for Ultrapar Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultrapar Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply