Ultrapar Participações (UGP) Expected to Announce Earnings on Wednesday

Ultrapar Participações (NYSE:UGP) is expected to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Ultrapar Participações Trading Down 0.9 %

Shares of UGP stock opened at $2.83 on Tuesday. Ultrapar Participações has a 1 year low of $2.53 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $2.76 and its two-hundred day simple moving average is $3.38. The company has a market cap of $3.15 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52.

Analyst Upgrades and Downgrades

UGP has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Scotiabank upgraded Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ultrapar Participações has an average rating of “Moderate Buy” and a consensus target price 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.