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

Shares of Ultrapar Participações S.A. (NYSE:UGPGet Rating) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.00.

UGP has been the topic of a number of analyst reports. TheStreet raised shares of Ultrapar Participações from a “c” rating to a “b-” rating in a research note on Monday, April 4th. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Zacks Investment Research cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of Ultrapar Participações during the 4th quarter worth $26,000. Marshall Wace LLP purchased a new stake in Ultrapar Participações in the 1st quarter valued at about $121,000. Inspire Investing LLC purchased a new stake in Ultrapar Participações in the 1st quarter valued at about $35,000. Inspire Advisors LLC acquired a new position in Ultrapar Participações in the 1st quarter valued at about $37,000. Finally, Envestnet Asset Management Inc. acquired a new position in Ultrapar Participações in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 6.72% of the company’s stock.

UGP opened at $2.51 on Friday. Ultrapar Participações has a 12-month low of $2.18 and a 12-month high of $4.34. The company has a current ratio of 1.98, a quick ratio of 1.67 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $3.36 billion, a PE ratio of 19.31, a P/E/G ratio of 0.59 and a beta of 1.12. The firm has a 50 day moving average of $2.80 and a two-hundred day moving average of $2.67.

Ultrapar Participações (NYSE:UGPGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Ultrapar Participações had a net margin of 0.71% and a return on equity of 10.89%. The company had revenue of $6.17 billion during the quarter. As a group, analysts predict that Ultrapar Participações will post 0.18 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, March 21st. Shareholders of record on Monday, March 7th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a yield of 2.2%. Ultrapar Participações’s dividend payout ratio (DPR) is presently 46.16%.

About Ultrapar Participações (Get Rating)

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil.

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