Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.20.
Separately, StockNews.com lowered Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th.
Check Out Our Latest Stock Report on Ultrapar Participações
Ultrapar Participações Stock Performance
Shares of Ultrapar Participações stock opened at $3.24 on Thursday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.61. The stock's 50-day moving average is $3.73 and its 200-day moving average is $4.09. Ultrapar Participações has a one year low of $3.19 and a one year high of $6.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.
Hedge Funds Weigh In On Ultrapar Participações
A number of institutional investors have recently bought and sold shares of UGP. Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações during the third quarter worth approximately $46,000. Freedom Investment Management Inc. acquired a new position in shares of Ultrapar Participações in the third quarter valued at approximately $48,000. Cutter & CO Brokerage Inc. acquired a new stake in Ultrapar Participações during the second quarter worth approximately $57,000. D Orazio & Associates Inc. grew 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 worth $59,000 after buying an additional 3,498 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company's stock worth $62,000 after buying an additional 13,461 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company's stock.
About Ultrapar Participações
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Get Free ReportUltrapar 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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