Ultrapar Participacoes (NYSE:UGP) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Ultrapar Participacoes has received a "hold (c)" rating from Weiss Ratings, while other analysts have upgraded the stock to "strong-buy".
• The stock currently trades at $4.05, with a market capitalization of $4.52 billion and a consensus target price of $4.50.
• A majority of analysts rate Ultrapar as a "buy," with a total of three strong buy ratings and three buy ratings, indicating a positive outlook on the stock's performance.

Ultrapar Participacoes (NYSE:UGP - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

UGP has been the subject of a number of other research reports. Scotiabank upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 28th. Zacks Research upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. The Goldman Sachs Group increased their target price on Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Friday, September 26th. Finally, Wall Street Zen upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $4.50.

Ultrapar Participacoes Stock Performance

Ultrapar Participacoes stock traded up $0.22 during mid-day trading on Wednesday, reaching $4.05. 3,064,714 shares of the stock traded hands, compared to its average volume of 1,873,092. The stock has a market capitalization of $4.52 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.38. Ultrapar Participacoes has a 12-month low of $2.53 and a 12-month high of $4.16. The business's 50-day moving average is $3.58 and its 200-day moving average is $3.23.

Institutional Investors Weigh In On Ultrapar Participacoes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its stake in Ultrapar Participacoes by 55.6% during the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 3,380 shares during the last quarter. Regatta Capital Group LLC purchased a new stake in Ultrapar Participacoes during the 2nd quarter valued at about $41,000. Wealthquest Corp acquired a new position in shares of Ultrapar Participacoes in the 1st quarter valued at about $45,000. Ballentine Partners LLC acquired a new position in shares of Ultrapar Participacoes in the 1st quarter valued at about $45,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Ultrapar Participacoes in the 2nd quarter valued at about $45,000. 3.58% of the stock is owned by institutional investors.

About Ultrapar Participacoes

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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