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

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new stake in Ultrapar Participações during the 3rd quarter valued at $46,000. Freedom Investment Management Inc. bought a new position in Ultrapar Participações in the third quarter valued at about $48,000. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações in the second quarter worth about $57,000. D Orazio & Associates Inc. boosted its position in Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Ultrapar Participações by 567.5% during the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 13,461 shares during the period. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Down 0.3 %

Shares of NYSE UGP opened at $3.17 on Thursday. Ultrapar Participações has a 1 year low of $3.10 and a 1 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. The firm has a 50-day moving average of $3.69 and a 200 day moving average of $4.05. The stock has a market cap of $3.54 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 2.50 and a beta of 1.61.

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.