Brokerages Set Ultrapar Participações S.A. (NYSE:UGP) PT at $3.20

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.20.

UGP has been the topic of a number of analyst reports. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $4.10 to $3.20 in a research report on Friday, January 31st. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th.

Hedge Funds Weigh In On Ultrapar Participações

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações in the third quarter valued at approximately $46,000. Freedom Investment Management Inc. acquired a new stake in shares of Ultrapar Participações in the third quarter worth $48,000. QRG Capital Management Inc. raised its stake in shares of Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 5,687 shares during the period. Signaturefd LLC lifted its holdings 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 acquiring an additional 6,476 shares in the last quarter. Finally, PDS Planning Inc boosted its position 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 during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Price Performance

NYSE:UGP opened at $2.84 on Tuesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. Ultrapar Participações has a 12-month low of $2.53 and a 12-month high of $6.34. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average is $2.76 and its two-hundred day moving average is $3.48.

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.