Ultrapar Participações S.A. (NYSE:UGP) Receives Average Rating of “Hold” from Brokerages

by · The Markets Daily

Shares of Ultrapar Participações S.A. (NYSE:UGP – Get Free Report) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.20.

Separately, StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Check Out Our Latest Research Report on UGP

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in Ultrapar Participações by 71.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 28,379 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Ultrapar Participações during the 3rd quarter valued at approximately $1,595,000. Creative Planning lifted its holdings in Ultrapar Participações by 45.2% in the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 17,430 shares during the last quarter. Walleye Capital LLC grew its position in Ultrapar Participações by 41.5% in the third quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after acquiring an additional 10,654 shares during the period. Finally, Marshall Wace LLP increased its stake in Ultrapar Participações by 332.6% during the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after acquiring an additional 1,099,433 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Up 1.1 %

UGP opened at $2.68 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a twelve month low of $2.55 and a twelve month high of $6.34. The company has a market cap of $2.99 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.53. The company has a 50-day moving average price of $3.30 and a 200 day moving average price of $3.80.

About Ultrapar Participações

(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.

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