Analysts Set Ultrapar Participações S.A. (NYSE:UGP) PT at $5.20

Ultrapar Participações S.A. (NYSE:UGP) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.20.

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

Institutional Trading of Ultrapar Participações

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new stake in Ultrapar Participações in the third quarter worth $46,000. Freedom Investment Management Inc. bought a new stake in Ultrapar Participações in the 3rd quarter valued at about $48,000. Cutter & CO Brokerage Inc. acquired a new stake in Ultrapar Participações in the second quarter valued at approximately $57,000. D Orazio & Associates Inc. increased its holdings in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 13,461 shares during the period. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Up 1.0 %

Ultrapar Participações stock opened at $3.18 on Thursday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 2.48 and a beta of 1.61. Ultrapar Participações has a 52-week low of $3.10 and a 52-week high of $6.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $4.07.

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.