Ultrapar Participacoes SA (NYSE:UGP) Receives Consensus Recommendation of “Hold” from Analysts

Ultrapar Participacoes SA (NYSE:UGP) has received an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company.

Several analysts have weighed in on UGP shares. Credit Suisse Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a research note on Friday, May 3rd. Zacks Investment Research raised shares of Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. Bradesco Corretora raised shares of Ultrapar Participacoes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 23rd. ValuEngine downgraded shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley downgraded shares of Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th.

A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in Ultrapar Participacoes by 233.2% during the 4th quarter. Advisor Group Inc. now owns 3,019 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 2,113 shares during the period. Citigroup Inc. lifted its position in shares of Ultrapar Participacoes by 331.0% in the 4th quarter. Citigroup Inc. now owns 5,875 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 4,512 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ultrapar Participacoes by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 626,612 shares of the oil and gas company’s stock worth $8,485,000 after acquiring an additional 88,098 shares during the period. Bank of America Corp DE lifted its position in shares of Ultrapar Participacoes by 31,125.3% in the 4th quarter. Bank of America Corp DE now owns 1,559,077 shares of the oil and gas company’s stock worth $21,110,000 after acquiring an additional 1,554,084 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Ultrapar Participacoes by 5.0% in the 4th quarter. Millennium Management LLC now owns 508,197 shares of the oil and gas company’s stock worth $6,881,000 after acquiring an additional 24,098 shares during the period. 1.78% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participacoes stock traded down $0.04 during mid-day trading on Friday, hitting $4.91. The company’s stock had a trading volume of 609,200 shares, compared to its average volume of 1,250,890. The company has a current ratio of 2.76, a quick ratio of 2.18 and a debt-to-equity ratio of 1.44. The stock has a market cap of $5.43 billion, a PE ratio of 17.54 and a beta of 0.26. The business has a 50 day moving average of $5.27. Ultrapar Participacoes has a 12 month low of $4.43 and a 12 month high of $7.90.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings results on Thursday, May 16th. The oil and gas company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $5.50 billion during the quarter. Ultrapar Participacoes had a net margin of 1.44% and a return on equity of 13.29%. Equities analysts forecast that Ultrapar Participacoes will post 0.32 earnings per share for the current year.

About Ultrapar Participacoes

Ultrapar Participações 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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