Ultrapar Participações S.A. (NYSE:UGP) Receives Consensus Rating of “Buy” from Analysts

Ultrapar Participações S.A. (NYSE:UGP) has been given an average rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.20.

Several equities analysts recently issued reports on UGP shares. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $4.10 to $3.20 in a report on Friday, January 31st. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com raised Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th.

Ultrapar Participações Stock Down 0.3%

UGP opened at $3.10 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The business has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $2.98. The stock has a market capitalization of $3.46 billion, a P/E ratio of 6.74, a P/E/G ratio of 2.39 and a beta of 1.13. Ultrapar Participações has a 12 month low of $2.53 and a 12 month high of $4.96.

Ultrapar Participações Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.0774 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 10th. Ultrapar Participações’s payout ratio is 36.11%.

Hedge Funds Weigh In On Ultrapar Participações

Several hedge funds have recently bought and sold shares of UGP. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Ultrapar Participações in the fourth quarter valued at $29,000. CWM LLC grew its position in shares of Ultrapar Participações by 55.6% in the first quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 3,380 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Ultrapar Participações in the fourth quarter valued at $31,000. Wolverine Trading LLC purchased a new stake in shares of Ultrapar Participações in the fourth quarter valued at $35,000. Finally, Wealthquest Corp purchased a new stake in shares of Ultrapar Participações in the first quarter valued at $45,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.