Brokerages Set Ultrapar Participacoes SA (NYSE:UGP) Price Target at $26.00

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.

12 Month Chart for NYSE:UGP

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.

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe