Shares of Ultrapar Participacoes SA (NYSE:UGP) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company.
A number of equities research analysts have recently weighed in on UGP shares. JPMorgan Chase & Co. set a $45.00 price target on Ciena and gave the company a “buy” rating in a report on Friday, March 22nd. ValuEngine upgraded Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 4th. Credit Suisse Group set a $77.00 price objective on Monster Beverage and gave the company a “buy” rating in a research report on Friday, May 3rd. Morgan Stanley boosted their price objective on Kimberly Clark from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 18th. Finally, Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th.
A number of large investors have recently added to or reduced their stakes in UGP. Bank of America Corp DE boosted its position in Ultrapar Participacoes by 31,125.3% during 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. SG Americas Securities LLC acquired a new position in Ultrapar Participacoes during the 1st quarter worth $4,208,000. Jane Street Group LLC boosted its position in Ultrapar Participacoes by 1,116.7% during the 4th quarter. Jane Street Group LLC now owns 287,702 shares of the oil and gas company’s stock worth $3,895,000 after acquiring an additional 264,056 shares during the period. Exane Derivatives boosted its position in Ultrapar Participacoes by 541.8% during the 2nd quarter. Exane Derivatives now owns 274,581 shares of the oil and gas company’s stock worth $1,438,000 after acquiring an additional 231,801 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in Ultrapar Participacoes by 393.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 217,681 shares of the oil and gas company’s stock worth $2,593,000 after acquiring an additional 173,605 shares during the period. Institutional investors and hedge funds own 1.74% of the company’s stock.
Shares of NYSE UGP traded down $0.02 during trading on Monday, reaching $5.44. The stock had a trading volume of 374,961 shares, compared to its average volume of 1,283,100. Ultrapar Participacoes has a one year low of $4.43 and a one year high of $7.90. 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 firm has a market capitalization of $6.08 billion, a PE ratio of 19.43 and a beta of 0.27. The stock has a 50 day simple moving average of $5.26.
Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Thursday, May 16th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Ultrapar Participacoes had a return on equity of 13.29% and a net margin of 1.44%. The business had revenue of $5.50 billion during the quarter. On average, sell-side analysts expect that Ultrapar Participacoes will post 0.33 earnings per share for the current year.
Ultrapar Participacoes Company Profile
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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