In a report released yesterday, Frank McGann from Bank of America Securities maintained a Hold rating on Ultrapar Participacoes SA (UGP – Research Report), with a price target of $3.10. The company’s shares closed yesterday at $2.51.
According to TipRanks, McGann is ranked #7252 out of 8303 analysts.
Ultrapar Participacoes SA has an analyst consensus of Hold, with a price target consensus of $3.10.
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Based on Ultrapar Participacoes SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $36.88 billion and a net profit of $452.87 million. In comparison, last year the company earned a revenue of $26.35 billion and had a GAAP net loss of $31.08 million
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Ultrapar Participaçoes SA engages in the distribution and retail services including, fuel; liquefied petroleum gas (LPG); retail pharmacy; specialty chemicals, and liquid bulk storage businesses. It operates through the following segments: Ultragaz, Ipiranga, Oxiteno, Ultracargo, Extrafarma, and Others. The Ultragaz segment distributes LPG to residential, commercial, and industrial consumers. The Ipiranga segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities. The Oxiteno segment produces ethylene oxide and its main derivatives and fatty alcohols. The Extrafarma segment trades pharmaceutical, hygiene, and beauty products. The Other segment includes the parent company and subsidiaries Serma-Associação dos Usuários de Equipamentos de Processamento de Dados e Serviços Correlatos and Imaven Imóveis Ltda. The company was founded in 1937 and is headquartered in Sao Paulo, Brazil.
