Ultrapar Participacoes (NYSE:UGP) Stock Passes Above 200 Day Moving Average – Time to Sell?

Ultrapar Participacoes S.A. (NYSE:UGP) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.78 and traded as high as $5.85. Ultrapar Participacoes shares last traded at $5.8350, with a volume of 3,504,976 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price target for the company. in a research note on Thursday, February 5th. Weiss Ratings lowered Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. HSBC lowered 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. Wall Street Zen raised Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group raised 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. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ultrapar Participacoes presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Ultrapar Participacoes Price Performance

The business has a 50-day moving average price of $5.61 and a 200 day moving average price of $4.78. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 EPS for the quarter. Ultrapar Participacoes had a return on equity of 16.54% and a net margin of 2.04%.The company had revenue of $6.19 billion during the quarter. As a group, research analysts expect that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ultrapar Participacoes

A number of institutional investors and hedge funds have recently modified their holdings of UGP. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 valued at $35,000 after acquiring an additional 1,982 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at $44,000. GeoWealth Management LLC acquired a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at $44,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.