Analysts Set Ultrapar Participações S.A. (NYSE:UGP) Price Target at $5.20

Ultrapar Participações S.A. (NYSE:UGP) has earned a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings 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 objective among brokers that have issued a report on the stock in the last year is $5.20.

Separately, StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Ultrapar Participações

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações during the 3rd quarter worth approximately $46,000. Freedom Investment Management Inc. purchased a new position in Ultrapar Participações during the 3rd quarter worth approximately $48,000. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações during the 2nd quarter worth approximately $57,000. D Orazio & Associates Inc. grew its position in Ultrapar Participações by 30.3% during the 2nd 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 in the last quarter. Finally, Blue Trust Inc. grew its position in 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 worth $62,000 after purchasing an additional 13,461 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Price Performance

NYSE UGP opened at $3.06 on Thursday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 6.65, a P/E/G ratio of 2.50 and a beta of 1.61. Ultrapar Participações has a 1 year low of $3.04 and a 1 year high of $6.34. The business’s fifty day moving average is $3.65 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

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.