Ultrapar Participacoes (NYSE:UGP) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Ultrapar Participacoes (NYSE:UGP) from a strong-buy rating to a buy rating in a research report report published on Saturday.

A number of other analysts have also issued reports on UGP. The Goldman Sachs Group lowered Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price on the stock. in a research report on Thursday, February 5th. Weiss Ratings upgraded Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $5.40.

Ultrapar Participacoes Price Performance

Shares of UGP opened at $5.15 on Friday. The firm has a 50-day simple moving average of $4.66 and a two-hundred day simple moving average of $4.17. The stock has a market cap of $5.74 billion, a PE ratio of 12.86, a P/E/G ratio of 1.61 and a beta of 0.85. Ultrapar Participacoes has a 1-year low of $2.64 and a 1-year high of $5.42. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.62 and a quick ratio of 1.26.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.64 billion. Ultrapar Participacoes had a return on equity of 14.11% and a net margin of 1.72%. As a group, analysts forecast that Ultrapar Participacoes will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Ultrapar Participacoes during the 4th quarter worth approximately $32,000. SG Americas Securities LLC acquired a new stake in Ultrapar Participacoes during the 4th quarter worth approximately $44,000. GeoWealth Management LLC purchased a new position in Ultrapar Participacoes in the 4th quarter valued at approximately $44,000. Quadrature Capital Ltd purchased a new position in Ultrapar Participacoes in the 2nd quarter valued at approximately $45,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Ultrapar Participacoes in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About Ultrapar Participacoes

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.