Ultrapar Participações S.A. (NYSE:UGP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.20.

A number of research analysts recently weighed in on UGP shares. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th.

Institutional Trading of Ultrapar Participações

A number of hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Ultrapar Participações in the 3rd quarter worth $46,000. Freedom Investment Management Inc. purchased a new stake in shares of Ultrapar Participações during the third quarter worth about $48,000. D Orazio & Associates Inc. raised its position in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 3,498 shares during the last quarter. Signaturefd LLC boosted its stake in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares in the last quarter. Finally, PDS Planning Inc grew its position in Ultrapar Participações by 90.2% during the 3rd quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 10,153 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participações Stock Down 0.7 %

UGP opened at $2.72 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. The firm has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.67. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a 52 week low of $2.53 and a 52 week high of $6.34.

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.