Shares of Ultrapar Participações S.A. (NYSE:UGP – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $3.20.
Several equities research analysts have recently weighed in on UGP shares. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and decreased their price target for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th.
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Ultrapar Participações Trading Down 2.9 %
Shares of UGP opened at $2.86 on Friday. The business’s 50-day moving average price is $2.77 and its 200-day moving average price is $3.37. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $6.05. The stock has a market cap of $3.18 billion, a PE ratio of 6.21, a P/E/G ratio of 2.39 and a beta of 1.52. 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 Company Profile
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.
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