Ultrapar Participações (NYSE:UGP) Upgraded at StockNews.com

Ultrapar Participações (NYSE:UGP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other equities analysts also recently weighed in on UGP. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group reduced their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

Shares of UGP stock opened at $3.59 on Wednesday. The business’s fifty day moving average is $4.02 and its 200 day moving average is $4.33. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 2.62 and a beta of 1.60. Ultrapar Participações has a twelve month low of $3.57 and a twelve month high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Research analysts expect that Ultrapar Participações will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Ultrapar Participações

A number of hedge funds have recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its holdings in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 3,498 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Ultrapar Participações by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock worth $103,000 after buying an additional 4,757 shares in the last quarter. Signaturefd LLC raised its position in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after buying an additional 6,476 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Ultrapar Participações by 7.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock valued at $662,000 after acquiring an additional 7,638 shares during the period. Finally, Inspire Advisors LLC lifted its stake in Ultrapar Participações by 33.7% during the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after acquiring an additional 9,794 shares during the period. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.