Ultrapar Participações (NYSE:UGP) Upgraded at HSBC

HSBC upgraded shares of Ultrapar Participações (NYSE:UGP) from a hold rating to a buy rating in a research report released on Friday morning, MarketBeat Ratings reports.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.10.

Ultrapar Participações Stock Performance

Shares of UGP stock opened at $2.66 on Friday. 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 firm has a 50-day moving average of $2.90 and a 200-day moving average of $3.61. Ultrapar Participações has a one year low of $2.53 and a one year high of $6.34. The company has a market cap of $2.96 billion, a P/E ratio of 5.77, a P/E/G ratio of 2.17 and a beta of 1.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações during the 3rd quarter valued at $46,000. Freedom Investment Management Inc. purchased a new position in shares of Ultrapar Participações in the third quarter valued at $48,000. Signaturefd LLC raised its stake in shares of 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 purchasing an additional 6,476 shares during the period. PDS Planning Inc lifted its holdings 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 purchasing an additional 10,153 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Ultrapar Participações by 109.2% in the 3rd quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 17,291 shares during the period. 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.