Ultrapar Participações (NYSE:UGP) Reaches New 12-Month High at $3.50

Ultrapar Participações S.A. (NYSE:UGP – Get Rating) shares hit a new 52-week high on Thursday . The stock traded as high as $3.50 and last traded at $3.48, with a volume of 98545 shares changing hands. The stock had previously closed at $3.45.

Analysts Set New Price Targets

UGP has been the topic of several analyst reports. UBS Group cut Ultrapar Participações from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 28th. StockNews.com initiated coverage on Ultrapar Participações in a research report on Thursday. They set a “buy” rating on the stock. Finally, TheStreet upgraded Ultrapar Participações from a “c+” rating to a “b” rating in a research report on Friday, March 31st.

Ultrapar Participações Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.87 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average is $2.89 and its two-hundred day moving average is $2.65. The company has a market capitalization of $3.88 billion, a P/E ratio of 12.43, a PEG ratio of 0.58 and a beta of 1.19.

Ultrapar Participações (NYSE:UGP – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The oil and gas company reported $0.14 earnings per share for the quarter. The company had revenue of $6.83 billion for the quarter. Ultrapar Participações had a net margin of 1.13% and a return on equity of 13.92%. Equities analysts anticipate that Ultrapar Participações S.A. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. bought a new position in Ultrapar Participações during the fourth quarter valued at approximately $26,000. Inspire Investing LLC bought a new position in Ultrapar Participações during the first quarter valued at approximately $27,000. Virtu Financial LLC bought a new position in Ultrapar Participações during the third quarter valued at approximately $31,000. Vident Investment Advisory LLC bought a new position in Ultrapar Participações during the fourth quarter valued at approximately $33,000. Finally, AXA S.A. bought a new position in Ultrapar Participações during the first quarter valued at approximately $35,000. 2.98% of the stock is currently owned by institutional investors.

Ultrapar Participações Company Profile

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Ultrapar Participaçoes SA engages in the distribution and retail services including, fuel, liquefied petroleum gas (LPG), retail pharmacy, specialty chemicals and liquid bulk storage businesses. It operates through the following segments: Ultragaz, Ipiranga, Oxiteno, Ultracargo, Extrafarma and Others.