Shares of Ultrapar Participacoes SA (NYSE:UGP) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.
Ultrapar Participacoes SA (NYSE:UGP) opened at 14.60 on Monday. The company has a market cap of $7.95 billion and a PE ratio of 23.06. The firm has a 50-day moving average price of $16.76 and a 200-day moving average price of $18.26. Ultrapar Participacoes SA has a 52-week low of $14.57 and a 52-week high of $24.53.
Ultrapar Participacoes SA (NYSE:UGP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.04. On average, analysts forecast that Ultrapar Participacoes SA will post $0.72 EPS for the current year.
Several research analysts have weighed in on the company. Zacks Investment Research cut Ultrapar Participacoes SA from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 12th. Goldman Sachs assumed coverage on Ultrapar Participacoes SA in a research report on Wednesday, September 23rd. They issued a “neutral” rating on the stock.
Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (NYSE:UGP) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants. Oxiteno produces ethylene oxide and its main derivatives; specialty chemicals, and fatty alcohols and related by-products. Ultracargo provides storage for liquid bulk in Brazil. The Company is also engaged in oil refining, through a stake held in Refinaria de Petroleo Riograndense SA.