Ultrapar Participações (NYSE:UGP) Raised to Strong-Buy at Hsbc Global Res

Ultrapar Participações (NYSE:UGP) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other research firms also recently commented on UGP. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ultrapar Participações has a consensus rating of “Moderate Buy” and a consensus price target of $4.10.

Ultrapar Participações Trading Down 1.3 %

NYSE UGP opened at $2.66 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. The company’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $3.61. Ultrapar Participações has a one year low of $2.53 and a one year high of $6.34.

Institutional Trading of Ultrapar Participações

Several large investors have recently bought and sold shares of the stock. Aigen Investment Management LP lifted its stake in Ultrapar Participações by 19.4% during the 3rd quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares during the period. Signaturefd LLC lifted its stake in Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 6,476 shares during the period. 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. Jane Street Group LLC lifted its stake in Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 10,037 shares during the period. Finally, Metis Global Partners LLC lifted its stake in Ultrapar Participações by 33.5% during the 3rd quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock valued at $157,000 after acquiring an additional 10,119 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Company Profile

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.