Ultrapar Participacoes (NYSE:UGP) Stock Rating Lowered by ValuEngine

Ultrapar Participacoes (NYSE:UGP) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

UGP has been the topic of several other research reports. Bradesco Corretora upgraded shares of Ultrapar Participacoes from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 23rd. Morgan Stanley downgraded shares of Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 18th. Credit Suisse Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Ultrapar Participacoes currently has an average rating of “Hold” and an average target price of $18.00.

NYSE UGP traded down $0.05 on Thursday, hitting $5.12. 418,908 shares of the stock were exchanged, compared to its average volume of 919,328. Ultrapar Participacoes has a 52-week low of $4.43 and a 52-week high of $7.90. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.76 and a quick ratio of 2.18. The company has a market cap of $5.80 billion, a P/E ratio of 18.29 and a beta of 0.26. The business’s 50-day moving average price is $5.35.

Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Thursday, May 16th. The oil and gas company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $5.50 billion during the quarter. Ultrapar Participacoes had a net margin of 1.44% and a return on equity of 13.29%. Equities analysts forecast that Ultrapar Participacoes will post 0.32 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its stake in Ultrapar Participacoes by 233.2% in the fourth quarter. Advisor Group Inc. now owns 3,019 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 2,113 shares during the period. Quadrant Capital Group LLC increased its stake in Ultrapar Participacoes by 57.2% in the first quarter. Quadrant Capital Group LLC now owns 9,222 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 3,355 shares during the period. Citigroup Inc. increased its stake in Ultrapar Participacoes by 331.0% in the fourth quarter. Citigroup Inc. now owns 5,875 shares of the oil and gas company’s stock valued at $80,000 after acquiring an additional 4,512 shares during the period. Envestnet Asset Management Inc. increased its stake in Ultrapar Participacoes by 14.8% in the second quarter. Envestnet Asset Management Inc. now owns 36,400 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 4,695 shares during the period. Finally, Signaturefd LLC increased its stake in Ultrapar Participacoes by 120.6% in the second quarter. Signaturefd LLC now owns 12,206 shares of the oil and gas company’s stock valued at $64,000 after acquiring an additional 6,672 shares during the period. 1.80% of the stock is currently owned by institutional investors and hedge funds.

About Ultrapar Participacoes

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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Analyst Recommendations for Ultrapar Participacoes (NYSE:UGP)

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