Ultrapar Participacoes (NYSE:UGP) had its price target cut by JPMorgan Chase & Co. from $5.50 to $5.00 in a research report report published on Tuesday, September 3rd, BenzingaRatingsTable reports. They currently have a neutral rating on the oil and gas company’s stock.
A number of other research analysts have also issued reports on UGP. ValuEngine lowered shares of Ultrapar Participacoes from a sell rating to a strong sell rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Ultrapar Participacoes from a hold rating to a sell rating in a research report on Tuesday, August 20th. Bradesco Corretora upgraded shares of Ultrapar Participacoes from a neutral rating to an outperform rating in a research report on Tuesday, July 23rd. Santander downgraded shares of Ultrapar Participacoes from a buy rating to a hold rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley cut shares of Ultrapar Participacoes from an overweight rating to an equal weight rating in a research report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $11.50.
NYSE:UGP opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.01 and a quick ratio of 2.37. The business’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $7.42. Ultrapar Participacoes has a fifty-two week low of $3.61 and a fifty-two week high of $7.90. The stock has a market capitalization of $4.95 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.28.
Ultrapar Participacoes (NYSE:UGP) last announced its earnings results on Wednesday, August 14th. The oil and gas company reported $0.03 EPS for the quarter. Ultrapar Participacoes had a net margin of 1.32% and a return on equity of 11.93%. The company had revenue of $5.53 billion for the quarter. On average, research analysts expect that Ultrapar Participacoes will post 0.27 earnings per share for the current year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.044 per share. The ex-dividend date of this dividend was Friday, August 23rd. Ultrapar Participacoes’s dividend payout ratio (DPR) is presently 32.14%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. increased its holdings in Ultrapar Participacoes by 49.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 29,756 shares of the oil and gas company’s stock worth $156,000 after buying an additional 9,865 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Ultrapar Participacoes by 94.4% in the second quarter. Crossmark Global Holdings Inc. now owns 103,347 shares of the oil and gas company’s stock worth $542,000 after purchasing an additional 50,190 shares in the last quarter. Legato Capital Management LLC lifted its position in shares of Ultrapar Participacoes by 100.0% in the second quarter. Legato Capital Management LLC now owns 524,400 shares of the oil and gas company’s stock worth $2,748,000 after buying an additional 262,200 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Ultrapar Participacoes by 100.0% during the 2nd quarter. Boston Common Asset Management LLC now owns 60,860 shares of the oil and gas company’s stock worth $319,000 after acquiring an additional 30,430 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ultrapar Participacoes during the 1st quarter valued at about $817,000. Hedge funds and other institutional investors own 3.38% of the company’s stock.
Ultrapar Participacoes Company Profile
Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company’s Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.
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