Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $3.03, but opened at $2.95. Ultrapar Participações shares last traded at $2.96, with a volume of 30,758 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on UGP. Wall Street Zen lowered Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. The Goldman Sachs Group upgraded Ultrapar Participações from a "neutral" rating to a "buy" rating and lowered their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $3.20.
Read Our Latest Research Report on UGP
Ultrapar Participações Stock Performance
The firm has a fifty day moving average price of $3.01 and a 200 day moving average price of $2.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market cap of $3.17 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.
Institutional Trading of Ultrapar Participações
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Ultrapar Participações during the 4th quarter valued at $374,000. QRG Capital Management Inc. raised its stake in Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock worth $54,000 after acquiring an additional 5,687 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ultrapar Participações by 763.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,374,747 shares of the oil and gas company's stock worth $3,616,000 after acquiring an additional 1,215,605 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Ultrapar Participações in the 4th quarter worth $288,000. Finally, Blue Trust Inc. raised its stake in Ultrapar Participações by 72.4% in the 4th quarter. Blue Trust Inc. now owns 57,100 shares of the oil and gas company's stock worth $150,000 after acquiring an additional 23,976 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participações
(
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.
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