Ultrapar Participacoes S.A. (NYSE:UGP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ultrapar Participacoes S.A. (NYSE:UGP) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four investment 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 twelve-month price objective among brokerages that have covered the stock in the last year is $6.05.

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

Institutional Trading of Ultrapar Participacoes

A number of institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. grew its holdings in Ultrapar Participacoes by 3.0% during the 1st quarter. Optiver Holding B.V. now owns 453,455 shares of the oil and gas company’s stock worth $2,499,000 after acquiring an additional 13,203 shares during the period. Parvin Asset Management LLC grew its holdings in Ultrapar Participacoes by 11.6% during the 1st quarter. Parvin Asset Management LLC now owns 185,750 shares of the oil and gas company’s stock worth $1,023,000 after acquiring an additional 19,350 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Ultrapar Participacoes by 45.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,982 shares during the period. Royal Bank of Canada grew its holdings in Ultrapar Participacoes by 165.5% during the 1st quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 7,724 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Ultrapar Participacoes by 10.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock worth $20,611,000 after acquiring an additional 357,922 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Stock Down 0.1%

NYSE:UGP opened at $4.80 on Friday. The stock’s fifty day moving average price is $5.54 and its two-hundred day moving average price is $4.95. Ultrapar Participacoes has a 52-week low of $2.80 and a 52-week high of $6.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67. The company 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.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Ultrapar Participacoes had a return on equity of 16.54% and a net margin of 2.04%.The firm had revenue of $6.19 billion for the quarter. On average, analysts anticipate that Ultrapar Participacoes will post 0.55 EPS for the current year.

Ultrapar Participacoes Company Profile

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.