StockNews.com Downgrades Ultrapar Participações (NYSE:UGP) to Hold

Ultrapar Participações (NYSE:UGPGet Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

UGP has been the subject of a number of other reports. Citigroup raised Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group reduced their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.20.

Check Out Our Latest Report on Ultrapar Participações

Ultrapar Participações Stock Performance

Shares of UGP opened at $3.78 on Monday. The firm has a fifty day moving average of $4.10 and a 200-day moving average of $4.47. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 2.78 and a beta of 1.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.55. Ultrapar Participações has a 1 year low of $3.55 and a 1 year high of $6.34.

Ultrapar Participações (NYSE:UGPGet Free Report) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $6.21 billion during the quarter. As a group, equities analysts anticipate that Ultrapar Participações will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Ultrapar Participações

Several hedge funds have recently made changes to their positions in UGP. Aprio Wealth Management LLC lifted its holdings in shares of Ultrapar Participações by 22.9% during the first quarter. Aprio Wealth Management LLC now owns 28,337 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 5,281 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Ultrapar Participações by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 4,757 shares during the period. Capstone Investment Advisors LLC purchased a new stake in shares of Ultrapar Participações in the 1st quarter valued at approximately $328,000. Envestnet Portfolio Solutions Inc. purchased a new position in Ultrapar Participações during the 1st quarter worth approximately $80,000. Finally, Quantbot Technologies LP raised its stake in Ultrapar Participações by 13.2% during the 1st quarter. Quantbot Technologies LP now owns 89,534 shares of the oil and gas company’s stock valued at $512,000 after purchasing an additional 10,445 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Company Profile

(Get Free Report)

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.

See Also

Analyst Recommendations for Ultrapar Participações (NYSE:UGP)

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