Ultrapar Participações S.A. (NYSE:UGP) Receives $5.20 Average Price Target from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.20.

A number of equities analysts recently weighed in on UGP shares. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. StockNews.com raised Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Finally, HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th.

Ultrapar Participações Price Performance

Shares of NYSE:UGP opened at $3.50 on Friday. The business has a fifty day moving average price of $3.90 and a 200-day moving average price of $4.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. The company has a market capitalization of $3.90 billion, a PE ratio of 6.73, a PEG ratio of 2.67 and a beta of 1.61. Ultrapar Participações has a 1-year low of $3.48 and a 1-year high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $6.21 billion during the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. As a group, equities analysts expect that Ultrapar Participações will post 0.33 EPS for the current fiscal year.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.0446 dividend. This represents a dividend yield of 2.7%. The ex-dividend date was Monday, August 19th. Ultrapar Participações’s payout ratio is currently 15.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. PDS Planning Inc increased its position in shares of 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 valued at $83,000 after purchasing an additional 10,153 shares during the last quarter. Signaturefd LLC increased its holdings in Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Ultrapar Participações in the third quarter worth approximately $46,000. Blue Trust Inc. boosted its stake in shares of Ultrapar Participações by 109.2% during the 3rd quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after acquiring an additional 17,291 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of Ultrapar Participações by 33.7% during the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after acquiring an additional 9,794 shares during the period. Institutional investors own 3.58% of the company’s stock.

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.