Shares of Ultrapar Participações S.A. (NYSE:UGP – Get Free Report) have earned an average recommendation of “Reduce” from the five research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.37.
Several brokerages recently issued reports on UGP. StockNews.com raised Ultrapar Participações from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Itau BBA Securities lowered shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th.
Get Our Latest Research Report on Ultrapar Participações
Hedge Funds Weigh In On Ultrapar Participações
Ultrapar Participações Stock Up 2.8 %
Ultrapar Participações stock opened at $5.22 on Wednesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 3.14 and a beta of 1.59. The firm’s fifty day moving average price is $5.69 and its two-hundred day moving average price is $5.28. Ultrapar Participações has a 1-year low of $2.74 and a 1-year high of $6.34. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78.
Ultrapar Participações (NYSE:UGP – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 earnings per share for the quarter. The business had revenue of $6.75 billion for the quarter. Ultrapar Participações had a net margin of 1.95% and a return on equity of 18.86%. On average, equities research analysts predict that Ultrapar Participações will post 0.32 earnings per share for the current fiscal year.
Ultrapar Participações Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a dividend of $0.0723 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. This represents a dividend yield of 2%. Ultrapar Participações’s dividend payout ratio (DPR) is currently 31.11%.
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.
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