Ultrapar Participações (UGP) Expected to Announce Earnings on Wednesday

Ultrapar Participações (NYSE:UGP) is projected to announce its earnings results on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $5.81 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Ultrapar Participações Stock Performance

NYSE UGP opened at $2.83 on Tuesday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $3.38. Ultrapar Participações has a twelve month low of $2.53 and a twelve month high of $6.34.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UGP shares. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

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.