Ultrapar Participações (NYSE:UGP) Given New $5.20 Price Target at The Goldman Sachs Group

Ultrapar Participações (NYSE:UGP) had its price objective trimmed by The Goldman Sachs Group from $5.90 to $5.20 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

UGP has been the topic of a number of other research reports. Hsbc Global Res raised shares of Ultrapar Participações from a strong sell rating to a hold rating in a report on Friday, July 19th. StockNews.com cut Ultrapar Participações from a strong-buy rating to a buy rating in a report on Friday, May 10th. Citigroup raised shares of Ultrapar Participações from a neutral rating to a buy rating in a research note on Friday, June 14th. Itau BBA Securities cut Ultrapar Participações from an outperform rating to a market perform rating in a report on Tuesday, April 2nd. Finally, HSBC upgraded Ultrapar Participações from a reduce rating to a hold rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $4.25.

Ultrapar Participações Trading Up 1.8 %

Shares of UGP stock opened at $4.06 on Tuesday. The company has a market capitalization of $4.53 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 3.09 and a beta of 1.64. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $4.23 and its two-hundred day moving average is $5.12. Ultrapar Participações has a twelve month low of $3.39 and a twelve month high of $6.34.

Ultrapar Participações (NYSE:UGP) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.08 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. Equities analysts forecast that Ultrapar Participações will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Ultrapar Participações

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Ultrapar Participações by 254.7% during the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock worth $31,000 after buying an additional 4,162 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Ultrapar Participações by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 4,757 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Ultrapar Participações by 22.9% during the 1st quarter. Aprio Wealth Management LLC now owns 28,337 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 5,281 shares during the period. Mount Yale Investment Advisors LLC boosted its position in shares of Ultrapar Participações by 7.1% in the first quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after acquiring an additional 7,638 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in Ultrapar Participações in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About Ultrapar Participações

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.