Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com to Hold

Ultrapar Participações (NYSE:UGP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

UGP has been the topic of several other research reports. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group reduced their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Price Performance

Shares of Ultrapar Participações stock opened at $3.85 on Friday. The company has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $4.62. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 2.98 and a beta of 1.61. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Ultrapar Participações has a twelve month low of $3.39 and a twelve month high of $6.34.

Ultrapar Participações (NYSE:UGP) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The business had revenue of $6.21 billion for the quarter. Analysts forecast that Ultrapar Participações will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Ultrapar Participações

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. purchased a new stake in shares of Ultrapar Participações during the 4th quarter valued at approximately $46,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Ultrapar Participações in the second quarter valued at about $57,000. D Orazio & Associates Inc. lifted its holdings in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares during the period. Blue Trust Inc. increased its holdings in shares of Ultrapar Participações by 567.5% in the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 13,461 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ultrapar Participações in the 1st quarter worth approximately $80,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.