Ultrapar Participações (UGP) Expected to Announce Earnings on Wednesday

Ultrapar Participações (NYSE:UGP) is projected to post its quarterly earnings results on Wednesday, February 26th. Analysts expect Ultrapar Participações to post earnings of $0.09 per share and revenue of $5.81 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Ultrapar Participações Price Performance

Shares of NYSE:UGP opened at $3.03 on Wednesday. The business has a 50 day moving average price of $2.76 and a 200 day moving average price of $3.42. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $6.34. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 2.52 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ultrapar Participações presently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

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.