Ultrapar Participações (NYSE:UGP) Stock Rating Upgraded by JPMorgan Chase & Co.

Ultrapar Participações (NYSE:UGP) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Trading Down 0.7 %

UGP stock opened at $2.72 on Tuesday. 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 company has a fifty day moving average price of $3.06 and a two-hundred day moving average price of $3.68. Ultrapar Participações has a one year low of $2.53 and a one year high of $6.34. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52.

Institutional Investors Weigh In On Ultrapar Participações

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações during the third quarter worth about $46,000. Freedom Investment Management Inc. bought a new stake in Ultrapar Participações during the third quarter worth about $48,000. D Orazio & Associates Inc. lifted its position in Ultrapar Participações by 30.3% during the second 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 during the period. Signaturefd LLC lifted its position in Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares during the period. Finally, PDS Planning Inc raised its stake in Ultrapar Participações by 90.2% during the third quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after acquiring an additional 10,153 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

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.