Ultrapar Participações (NYSE:UGP - Get Free Report) was upgraded by research analysts at Scotiabank to a "hold" rating in a report issued on Friday,Zacks.com reports.
Separately, StockNews.com cut shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.20.
Read Our Latest Stock Report on Ultrapar Participações
Ultrapar Participações Trading Down 0.4 %
NYSE:UGP traded down $0.01 during trading hours on Friday, reaching $2.59. The company's stock had a trading volume of 2,163,358 shares, compared to its average volume of 1,542,339. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.53. The firm has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.75. Ultrapar Participações has a 1 year low of $2.55 and a 1 year high of $6.34.
Institutional Investors Weigh In On Ultrapar Participações
Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Ultrapar Participações in the 3rd quarter worth $46,000. Freedom Investment Management Inc. purchased a new stake in Ultrapar Participações during the third quarter valued at approximately $48,000. Cutter & CO Brokerage Inc. bought a new position in Ultrapar Participações in the second quarter worth approximately $57,000. D Orazio & Associates Inc. lifted its position in Ultrapar Participações by 30.3% during the second 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 in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock valued at $62,000 after acquiring an additional 6,476 shares during the period. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participações
(
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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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