The price of Ultrapar Participacoes S.A. (NYSE:UGP) shares last traded on Wall Street rose 6.22% to $3.93.
Based on available information, 12 analysts follow Ultrapar Participacoes S.A. (NYSE:UGP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.53 and a low of $2.79, we find $3.71. Given the previous closing price of $3.70, this indicates a potential upside of 0.27 percent. UGP stock price is now 13.86% away from the 50-day moving average and 41.92% away from the 200-day moving average. The market capitalization of the company currently stands at $4.18B.
Among analysts, 7 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $3.64 as their price target over the next twelve months.
With the price target enhanced from $3 to $3.80, HSBC Securities Downgraded its rating from Buy to Hold for Ultrapar Participacoes S.A. (NYSE: UGP).
A total of 26.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UGP stock. A new stake in Ultrapar Participacoes S.A. shares was purchased by ICON ADVISERS INC/CO during the first quarter worth $5,895,000. ACADIAN ASSET MANAGEMENT LLC invested $1,583,000 in shares of UGP during the first quarter. In the first quarter, LONGFELLOW INVESTMENT MANAGEMENT CO LLC acquired a new stake in Ultrapar Participacoes S.A. valued at approximately $1,363,000. OPTIVER HOLDING B.V. acquired a new stake in UGP for approximately $954,000. BARCLAYS PLC purchased a new stake in UGP valued at around $412,000 in the second quarter. In total, there are 110 active investors with 3.70% ownership of the company’s stock.
A candlestick chart of Ultrapar Participacoes S.A. (NYSE: UGP) showed a price of $3.7800 on Friday morning. During the past 12 months, Ultrapar Participacoes S.A. has had a low of $2.13 and a high of $3.97. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 1.90, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $6.05B, which is based on a 12.89 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for UGP is $3.4732 and a two-hundred day moving average price translates $2.7761 for the stock.
The latest earnings results from Ultrapar Participacoes S.A. (NYSE: UGP) was released for Mar, 2023. The net profit margin was 1.10% and return on equity was 14.20% for UGP. The company reported revenue of $5.88 billion for the quarter, compared to $6.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.46 percent.
Moreover, the firm recently paid out its quarterly dividend on 03/13/2023. Investors who held shares on 02/27/2023 were paid a $0.019085 dividend. On an annualized basis, this represents a $0.13 dividend and a 3.41% percent yield. There was an ex-dividend date of 02/24/2023 for this dividend. In terms of dividend payout ratio, UGP is presently at 177.00%.
Ultrapar Participacoes S.A.(UGP) Company Profile
Ultrapar Participações S.A. engages in the gas distribution, fuel distribution, and storage businesses primarily in Brazil, Europe, Singapore, the United States, Canada, other Latin American countries, and internationally. The company’s Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil. Its Fuel Distribution segment distributes and markets gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants in the Brazilian territory; operates convenience stores; and offers lubricant-changing and automotive specialized services. The company’s Storage segment operates liquid bulk terminals primarily in the Southeast and Northeast regions of Brazil. It also operates Abastece Aí, a digital payments app; and offers Km de Vantagens, a loyalty program. The company was founded in 1937 and is headquartered in São Paulo, Brazil.
