Shares of Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $3.27, but opened at $3.17. Ultrapar Participacoes shares last traded at $3.17, with a volume of 261,687 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3.20.
Check Out Our Latest Stock Analysis on UGP
Ultrapar Participacoes Price Performance
The firm's fifty day moving average price is $3.08 and its 200 day moving average price is $2.95. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. The stock has a market cap of $3.57 billion, a PE ratio of 8.90, a P/E/G ratio of 2.13 and a beta of 1.06.
Institutional Investors Weigh In On Ultrapar Participacoes
Hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in Ultrapar Participacoes by 55.6% during the first 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 in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Ultrapar Participacoes during the fourth quarter valued at $29,000. Franklin Resources Inc. purchased a new stake in Ultrapar Participacoes during the fourth quarter valued at $31,000. Wolverine Trading LLC purchased a new stake in Ultrapar Participacoes during the fourth quarter valued at $35,000. Finally, Wealthquest Corp bought a new position in Ultrapar Participacoes during the first quarter valued at $45,000. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participacoes
(
Get Free Report)
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.
Featured Articles
Before you consider Ultrapar Participacoes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ultrapar Participacoes wasn't on the list.
While Ultrapar Participacoes currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
