Shares of Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) have been given an average rating of "Buy" by the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $3.20.
Separately, Wall Street Zen cut Ultrapar Participacoes from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.
View Our Latest Research Report on UGP
Ultrapar Participacoes Stock Performance
Ultrapar Participacoes stock traded down $0.08 during trading hours on Friday, hitting $3.30. 4,281,487 shares of the stock traded hands, compared to its average volume of 1,786,128. Ultrapar Participacoes has a 1 year low of $2.53 and a 1 year high of $4.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.26. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 2.20 and a beta of 1.06. The firm's 50 day moving average price is $3.08 and its 200-day moving average price is $2.94.
Institutional Investors Weigh In On Ultrapar Participacoes
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Ultrapar Participacoes by 55.6% in 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 during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Ultrapar Participacoes during the fourth quarter worth $29,000. Franklin Resources Inc. acquired a new stake in Ultrapar Participacoes during the fourth quarter worth $31,000. Wolverine Trading LLC acquired a new stake in Ultrapar Participacoes during the fourth quarter worth $35,000. Finally, Wealthquest Corp acquired a new stake in Ultrapar Participacoes during the first quarter worth $45,000. Institutional investors and hedge funds own 3.58% of the company's stock.
About Ultrapar Participacoes
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Get Free ReportUltrapar 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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