Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other brokerages have also commented on UGP. The Goldman Sachs Group dropped their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Ultrapar Participações has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Up 0.6 %

Ultrapar Participações stock opened at $3.58 on Wednesday. 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 one year low of $3.48 and a one year high of $6.34. The company has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $4.15. The firm has a market capitalization of $3.99 billion, a P/E ratio of 6.88, a P/E/G ratio of 2.80 and a beta of 1.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. D Orazio & Associates Inc. bought a new stake in shares of Ultrapar Participações during the 1st quarter worth $66,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Ultrapar Participações during the 3rd quarter worth about $46,000. Freedom Investment Management Inc. bought a new position in Ultrapar Participações during the third quarter valued at approximately $48,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ultrapar Participações in the 1st quarter valued at $80,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações in the second quarter worth about $57,000. Institutional investors own 3.58% of the company’s stock.

About Ultrapar Participações

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.