Brokerages Set Ultrapar Participações S.A. (NYSE:UGP) Target Price at $4.37

Ultrapar Participações S.A. (NYSE:UGPGet Free Report) has received an average rating of “Reduce” from the four brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.37.

A number of analysts recently issued reports on UGP shares. Itau BBA Securities downgraded Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price target on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Finally, StockNews.com lowered shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th.

Read Our Latest Report on UGP

Hedge Funds Weigh In On Ultrapar Participações

A number of institutional investors have recently modified their holdings of UGP. Natixis Advisors L.P. bought a new position in Ultrapar Participações during the 4th quarter worth about $1,169,000. Metis Global Partners LLC purchased a new position in Ultrapar Participações during the fourth quarter valued at approximately $151,000. Aprio Wealth Management LLC bought a new position in Ultrapar Participações in the fourth quarter worth approximately $125,000. Fulton Bank N.A. purchased a new stake in Ultrapar Participações during the fourth quarter worth $155,000. Finally, Alpine Global Management LLC bought a new stake in Ultrapar Participações during the 3rd quarter valued at $336,000. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participações Stock Performance

Ultrapar Participações stock opened at $4.65 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.72. Ultrapar Participações has a twelve month low of $3.24 and a twelve month high of $6.34. The company’s 50-day moving average price is $5.28 and its 200-day moving average price is $5.42. The company has a market cap of $5.19 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.63.

Ultrapar Participações (NYSE:UGPGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $6.75 billion for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. On average, equities research analysts forecast that Ultrapar Participações will post 0.34 EPS for the current fiscal year.

Ultrapar Participações Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.0723 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Ultrapar Participações’s previous semi-annual dividend of $0.05. This represents a dividend yield of 2%. Ultrapar Participações’s dividend payout ratio is presently 29.17%.

Ultrapar Participações Company Profile

(Get Free Report

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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