Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com to Hold

Ultrapar Participações (NYSE:UGP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their target price for the company from $4.10 to $3.20 in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ultrapar Participações Stock Up 0.8%

UGP stock opened at $3.10 on Friday. The company’s 50 day moving average is $3.02 and its two-hundred day moving average is $2.97. The stock has a market cap of $3.45 billion, a P/E ratio of 6.73, a PEG ratio of 2.39 and a beta of 1.13. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $4.91. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors have recently bought and sold shares of UGP. Mercer Global Advisors Inc. ADV acquired a new position in Ultrapar Participações in the 4th quarter valued at $29,000. CWM LLC boosted its position in shares of Ultrapar Participações by 55.6% during the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 3,380 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Ultrapar Participações during the 4th quarter worth $31,000. Wolverine Trading LLC purchased a new stake in shares of Ultrapar Participações in the 4th quarter worth about $35,000. Finally, Wealthquest Corp purchased a new stake in shares of Ultrapar Participações in the 1st quarter worth about $45,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.