Ultrapar Participacoes (NYSE:UGP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Ultrapar Participacoes S.A., a major Brazilian industrial group, is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical. Ultrapar is also engaged in the storage and transportation of liquefied petroleum gas and petrochemical and chemical products. (PRESS RELEASE) “
A number of other brokerages also recently commented on UGP. Goldman Sachs Group raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research report on Thursday, August 16th. UBS Group downgraded Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Ultrapar Participacoes has a consensus rating of “Hold” and an average target price of $25.00.
Shares of Ultrapar Participacoes stock traded down $0.29 on Friday, reaching $12.22. 1,152,433 shares of the company were exchanged, compared to its average volume of 856,887. Ultrapar Participacoes has a 1-year low of $8.86 and a 1-year high of $26.48. The company has a market cap of $6.96 billion, a PE ratio of 13.43, a P/E/G ratio of 5.18 and a beta of 0.49. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.88 and a current ratio of 2.35.
Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported $0.15 EPS for the quarter. Ultrapar Participacoes had a return on equity of 10.78% and a net margin of 1.17%. The business had revenue of $6.05 billion during the quarter. On average, sell-side analysts predict that Ultrapar Participacoes will post 0.56 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Wetherby Asset Management Inc. purchased a new stake in Ultrapar Participacoes during the third quarter worth approximately $120,000. CIBC World Markets Inc. purchased a new stake in Ultrapar Participacoes during the third quarter worth approximately $134,000. Greenleaf Trust purchased a new stake in Ultrapar Participacoes during the third quarter worth approximately $174,000. Capital Innovations LLC purchased a new stake in Ultrapar Participacoes during the third quarter worth approximately $181,000. Finally, Panagora Asset Management Inc. lifted its stake in Ultrapar Participacoes by 92.3% during the third quarter. Panagora Asset Management Inc. now owns 19,957 shares of the oil and gas company’s stock worth $185,000 after purchasing an additional 9,581 shares during the last quarter. Hedge funds and other institutional investors own 4.88% of the company’s stock.
About Ultrapar Participacoes
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.
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