Ultrapar Participações S.A. (NYSE:UGP) Receives Average Rating of “Moderate Buy” from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.20.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and decreased their price target for the company from $4.10 to $3.20 in a report on Friday. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Finally, Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th.

Institutional Trading of Ultrapar Participações

A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Ultrapar Participações in the 3rd quarter valued at $46,000. Freedom Investment Management Inc. purchased a new position in shares of Ultrapar Participações in the 3rd quarter valued at about $48,000. Signaturefd LLC increased its stake in shares of Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 6,476 shares in the last quarter. PDS Planning Inc increased its stake in Ultrapar Participações by 90.2% during the 3rd quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after buying an additional 10,153 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Ultrapar Participações by 109.2% during the 3rd quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after buying an additional 17,291 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

Shares of UGP opened at $2.90 on Tuesday. The business’s fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $3.50. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a 12 month low of $2.53 and a 12 month high of $6.34. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 6.29, a P/E/G ratio of 2.51 and a beta of 1.52.

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.