Ultrapar Participações S.A. (NYSE:UGP) Receives $3.20 Average Price Target from Analysts

Shares of Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.20.

UGP has been the subject of several research reports. HSBC raised Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $4.10 to $3.20 in a report on Friday, January 31st. Hsbc Global Res raised shares of Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. Scotiabank upgraded shares of Ultrapar Participações to a "hold" rating in a report on Friday, December 27th. Finally, JPMorgan Chase & Co. raised shares of Ultrapar Participações from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th.

Institutional Investors Weigh In On Ultrapar Participações

Hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Ultrapar Participações in the 4th quarter valued at $29,000. Franklin Resources Inc. acquired a new position in Ultrapar Participações in the fourth quarter valued at about $31,000. Freedom Investment Management Inc. bought a new stake in shares of Ultrapar Participações in the third quarter worth about $48,000. Wolverine Trading LLC acquired a new stake in shares of Ultrapar Participações during the fourth quarter worth about $35,000. Finally, Signaturefd LLC lifted its holdings in shares of Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock valued at $52,000 after purchasing an additional 3,688 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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Ultrapar Participações Stock Performance

Shares of NYSE:UGP traded up $0.01 during trading on Wednesday, hitting $3.12. 1,112,010 shares of the stock were exchanged, compared to its average volume of 1,605,293. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $5.85. The company's fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.17.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0774 per share. This represents a yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações's dividend payout ratio is currently 33.33%.

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.