Analysts Set Ultrapar Participações S.A. (NYSE:UGP) PT at $3.20

Shares of Ultrapar Participações S.A. (NYSE:UGP) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.20.

UGP has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and lowered their target price for the company from $4.10 to $3.20 in a report on Friday, January 31st.

Institutional Trading of Ultrapar Participações

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

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $2.85 on Friday. The company’s fifty day moving average is $2.77 and its two-hundred day moving average is $3.34. 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 $3.18 billion, a P/E ratio of 6.20, a PEG ratio of 2.39 and a beta of 1.52. Ultrapar Participações has a one year low of $2.53 and a one year high of $5.99.

Ultrapar Participações Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.0774 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a dividend yield of 3.8%. Ultrapar Participações’s payout ratio is currently 33.33%.

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.