Ultrapar Participacoes S.A. (NYSE:UGP) Receives Consensus Rating of “Buy” from Brokerages

Ultrapar Participacoes S.A. (NYSE:UGP) has been given a consensus rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.50.

Several analysts have recently commented on UGP shares. The Goldman Sachs Group raised their price target on Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a report on Friday, September 26th. Wall Street Zen raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Zacks Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ultrapar Participacoes in a research note on Tuesday, November 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of Ultrapar Participacoes by 55.6% during the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 3,380 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Ultrapar Participacoes by 30.5% during the first quarter. PNC Financial Services Group Inc. now owns 53,351 shares of the oil and gas company’s stock worth $164,000 after purchasing an additional 12,480 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Ultrapar Participacoes in the 1st quarter worth about $831,000. Invesco Ltd. raised its position in shares of Ultrapar Participacoes by 15.8% during the 1st quarter. Invesco Ltd. now owns 98,323 shares of the oil and gas company’s stock worth $303,000 after purchasing an additional 13,416 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Ultrapar Participacoes by 6.5% during the 1st quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company’s stock worth $5,828,000 after purchasing an additional 116,150 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participacoes Price Performance

Shares of NYSE:UGP opened at $4.11 on Monday. Ultrapar Participacoes has a 52 week low of $2.53 and a 52 week high of $4.39. The company has a 50-day moving average price of $4.00 and a 200 day moving average price of $3.50. The company has a market cap of $4.59 billion, a P/E ratio of 9.14, a PEG ratio of 2.03 and a beta of 1.08. The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of 0.84.

Ultrapar Participacoes 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.