Ultrapar Participacoes S.A. (NYSE:UGP) Receives $6.05 Average Target Price from Analysts

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $6.05.

A number of research analysts have recently commented on UGP shares. HSBC cut Ultrapar Participacoes from a “buy” rating to a “hold” rating and increased their price target for the company from $4.90 to $6.00 in a research note on Wednesday, April 8th. UBS Group increased their price target on Ultrapar Participacoes from $7.00 to $7.20 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th. Finally, Jefferies Financial Group upgraded Ultrapar Participacoes from an “underperform” rating to a “hold” rating and increased their price target for the company from $3.10 to $5.60 in a research note on Friday, March 13th.

Ultrapar Participacoes Stock Up 2.0%

NYSE UGP opened at $4.96 on Friday. The business has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $4.98. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 1.30. Ultrapar Participacoes has a fifty-two week low of $2.80 and a fifty-two week high of $6.20. The stock has a market capitalization of $5.53 billion, a PE ratio of 9.91, a PEG ratio of 0.98 and a beta of 0.71.

Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share 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 during the quarter. Equities analysts expect that Ultrapar Participacoes will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Ultrapar Participacoes

A number of institutional investors and hedge funds have recently bought and sold shares of UGP. Caitong International Asset Management Co. Ltd acquired a new stake in Ultrapar Participacoes during the 4th quarter worth about $32,000. 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. SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at about $44,000. GeoWealth Management LLC acquired a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at about $44,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at about $45,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.