Ultrapar Participações S.A. (NYSE:UGP) Receives $3.20 Average PT from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has been given a consensus rating of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.20.

UGP has been the subject of several research analyst reports. Scotiabank raised Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. 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. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their target price for the company from $4.10 to $3.20 in a research report on Friday, January 31st. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th.

Institutional Trading of Ultrapar Participações

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at about $29,000. Franklin Resources Inc. acquired a new stake in Ultrapar Participações during the 4th quarter valued at approximately $31,000. Wolverine Trading LLC bought a new position in Ultrapar Participações during the 4th quarter worth approximately $35,000. Freedom Investment Management Inc. acquired a new position in shares of Ultrapar Participações in the 3rd quarter worth approximately $48,000. Finally, Signaturefd LLC boosted its stake 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 valued at $52,000 after purchasing an additional 3,688 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Trading Up 0.5 %

Shares of UGP opened at $3.10 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações has a 52-week low of $2.53 and a 52-week high of $5.85. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 2.39 and a beta of 1.42. The business’s fifty day moving average is $2.92 and its 200-day moving average is $3.15.

Ultrapar Participações Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, March 24th. Stockholders 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.