Ultrapar Participações (NYSE:UGP) Lowered to “Hold” at StockNews.com

Ultrapar Participações (NYSE:UGP – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, The Goldman Sachs Group reduced their target price on Ultrapar Participações from $3.50 to $3.10 and set a “buy” rating for the company in a report on Wednesday, July 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Ultrapar Participações presently has an average rating of “Hold” and an average target price of $3.03.

Ultrapar Participações Stock Performance

Shares of NYSE UGP opened at $2.59 on Friday. Ultrapar Participações has a 1 year low of $2.13 and a 1 year high of $3.42. The stock has a fifty day moving average price of $2.45 and a two-hundred day moving average price of $2.68. The firm has a market cap of $3.47 billion, a P/E ratio of 13.63, a PEG ratio of 0.63 and a beta of 1.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.40 and a current ratio of 1.71.

Ultrapar Participações (NYSE:UGP – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported $0.02 EPS for the quarter. Ultrapar Participações had a return on equity of 10.33% and a net margin of 0.93%. The company had revenue of $6.03 billion during the quarter. Research analysts forecast that Ultrapar Participações will post 0.18 EPS for the current fiscal year.

Institutional Trading of Ultrapar Participações

Several hedge funds and other institutional investors have recently modified their holdings of UGP. Yousif Capital Management LLC acquired a new position in Ultrapar Participações during the fourth quarter worth $45,000. Balentine LLC acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at about $58,000. KBC Group NV acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at about $251,000. Envestnet Asset Management Inc. acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at about $34,000. Finally, West Family Investments Inc. acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at about $68,000. 6.72% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Company Profile

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

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