Ultrapar Participações S.A. (NYSE:UGP) Receives $3.20 Average Price Target from Analysts

Ultrapar Participações S.A. (NYSE:UGP) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.20.

Several analysts have recently weighed in on the stock. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised shares of 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 research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Ultrapar Participações

Institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Ultrapar Participações during the 4th quarter worth about $29,000. Franklin Resources Inc. acquired a new stake in Ultrapar Participações in the fourth quarter valued at approximately $31,000. Wolverine Trading LLC purchased a new stake in shares of Ultrapar Participações in the fourth quarter valued at approximately $35,000. Freedom Investment Management Inc. purchased a new stake in shares of Ultrapar Participações in the third quarter valued at approximately $48,000. Finally, Signaturefd LLC raised its stake in shares of Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock worth $52,000 after buying an additional 3,688 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Trading Up 0.2 %

Shares of UGP opened at $3.12 on Wednesday. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 2.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $5.85. The company has a 50-day moving average of $2.91 and a 200 day moving average of $3.18.

Ultrapar Participações Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0774 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.8%. Ultrapar Participações’s dividend payout ratio (DPR) is presently 33.33%.

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.