Ultrapar Participacoes SA (NYSE:UGP) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $4.85.

UGP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research note on Saturday. Santander cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lowered their price objective on Ultrapar Participacoes from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Goldman Sachs Group initiated coverage on Ultrapar Participacoes in a research note on Thursday, October 3rd. They set a “neutral” rating and a $4.70 price objective for the company. Finally, ValuEngine upgraded Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Monday, October 7th.

Several hedge funds have recently bought and sold shares of UGP. Marshall Wace LLP purchased a new position in shares of Ultrapar Participacoes in the first quarter worth $121,000. Crossmark Global Holdings Inc. grew its holdings in shares of 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 acquiring an additional 50,190 shares during the period. Exane Derivatives grew its holdings in shares of Ultrapar Participacoes by 541.8% in the second quarter. Exane Derivatives now owns 274,581 shares of the oil and gas company’s stock worth $1,438,000 after acquiring an additional 231,801 shares during the period. Henry James International Management Inc. grew its holdings in shares of Ultrapar Participacoes by 95.8% in the second quarter. Henry James International Management Inc. now owns 152,591 shares of the oil and gas company’s stock worth $800,000 after acquiring an additional 74,648 shares during the period. Finally, Legato Capital Management LLC grew its holdings 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 acquiring an additional 262,200 shares during the period. Hedge funds and other institutional investors own 3.38% of the company’s stock.

Shares of Ultrapar Participacoes stock remained flat at $$4.68 during midday trading on Wednesday. The company had a trading volume of 643,884 shares, compared to its average volume of 1,218,871. Ultrapar Participacoes has a 52 week low of $3.61 and a 52 week high of $7.90. The company has a quick ratio of 2.37, a current ratio of 3.01 and a debt-to-equity ratio of 1.45. The firm has a market cap of $5.21 billion, a PE ratio of 16.71, a P/E/G ratio of 2.48 and a beta of 0.24. The firm has a 50-day moving average price of $4.43 and a 200 day moving average price of $5.75.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $5.53 billion during the quarter. Ultrapar Participacoes had a return on equity of 11.93% and a net margin of 1.32%. As a group, equities analysts expect that Ultrapar Participacoes will post 0.27 earnings per share for the current fiscal year.

Ultrapar Participacoes Company Profile

Ultrapar ParticipaƧƵes 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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Analyst Recommendations for Ultrapar Participacoes (NYSE:UGP)

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