The Goldman Sachs Group Lowers Ultrapar Participações (NYSE:UGP) Price Target to $4.10

Ultrapar Participações (NYSE:UGP) had its price objective decreased by research analysts at The Goldman Sachs Group from $4.80 to $4.10 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 54.14% from the stock’s current price.

Several other analysts have also recently weighed in on the company. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Ultrapar Participações currently has a consensus rating of “Hold” and an average target price of $4.10.

Ultrapar Participações Stock Performance

Shares of UGP stock traded down $0.11 during trading on Thursday, reaching $2.66. 193,379 shares of the company’s stock were exchanged, compared to its average volume of 1,404,838. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $6.34. The firm’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.63. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.97 billion, a PE ratio of 5.78, a PEG ratio of 2.17 and a beta of 1.52.

Institutional Investors Weigh In On Ultrapar Participações

Several institutional investors and hedge funds have recently bought and sold shares of UGP. Sequoia Financial Advisors LLC bought a new position in shares of Ultrapar Participações in the 3rd quarter valued at $46,000. Freedom Investment Management Inc. bought a new stake in shares of Ultrapar Participações in the third quarter worth $48,000. Signaturefd LLC increased its holdings in Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 6,476 shares during the period. PDS Planning Inc raised its position in Ultrapar Participações by 90.2% during the 3rd quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 10,153 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Ultrapar Participações by 109.2% during the 3rd quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 17,291 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Company Profile

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.