Ultrapar Participacoes S.A. (NYSE:UGP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

Ultrapar Participacoes S.A. (NYSE:UGP – Get Free Report) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.05.

A number of research analysts have issued reports on UGP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th. Jefferies Financial Group raised Ultrapar Participacoes from an “underperform” rating to a “hold” rating and raised their price target for the stock from $3.10 to $5.60 in a research report on Friday, March 13th. Wall Street Zen upgraded Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. HSBC lowered Ultrapar Participacoes from a “buy” rating to a “hold” rating and boosted their price objective for the company from $4.90 to $6.00 in a research report on Wednesday, April 8th. Finally, UBS Group raised their target price on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a report on Wednesday.

Get Our Latest Stock Report on Ultrapar Participacoes

Ultrapar Participacoes Trading Down 0.1%

Shares of NYSE UGP opened at $4.80 on Friday. Ultrapar Participacoes has a twelve month low of $2.80 and a twelve month high of $6.20. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.81 and a beta of 0.71. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average is $5.54 and its 200-day moving average is $4.95.

Ultrapar Participacoes (NYSE:UGP – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 EPS for the quarter. The business had revenue of $6.19 billion during the quarter. Ultrapar Participacoes had a net margin of 2.04% and a return on equity of 16.54%. Equities research analysts predict that Ultrapar Participacoes will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Ultrapar Participacoes by 98.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,214,612 shares of the oil and gas company’s stock valued at $15,889,000 after buying an additional 2,087,852 shares during the period. JPMorgan Chase & Co. lifted its position in Ultrapar Participacoes by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,084,186 shares of the oil and gas company’s stock valued at $16,745,000 after acquiring an additional 2,205,282 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ultrapar Participacoes by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after acquiring an additional 357,922 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Ultrapar Participacoes in the 3rd quarter valued at $14,639,000. Finally, UBS Group AG lifted its position in Ultrapar Participacoes by 131.9% in the 3rd quarter. UBS Group AG now owns 2,890,033 shares of the oil and gas company’s stock valued at $11,849,000 after acquiring an additional 1,643,562 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About Ultrapar Participacoes

(Get Free Report)

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.

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