Ultrapar Participações (NYSE:UGP) Upgraded at StockNews.com

Ultrapar Participações (NYSE:UGP) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research firms also recently weighed in on UGP. The Goldman Sachs Group dropped their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.25.

Ultrapar Participações Price Performance

Shares of UGP stock traded up $0.04 on Friday, hitting $4.13. 642,875 shares of the stock traded hands, compared to its average volume of 1,344,350. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. Ultrapar Participações has a 52 week low of $3.39 and a 52 week high of $6.34. The firm has a 50 day simple moving average of $4.16 and a two-hundred day simple moving average of $4.73. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 2.91 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. As a group, equities research analysts predict that Ultrapar Participações will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors have recently bought and sold shares of UGP. Dynamic Technology Lab Private Ltd raised its position in shares of Ultrapar Participações by 65.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 95,974 shares of the oil and gas company’s stock valued at $520,000 after buying an additional 37,982 shares in the last quarter. Assetmark Inc. purchased a new stake in Ultrapar Participações during the fourth quarter valued at approximately $46,000. US Bancorp DE lifted its stake in shares of Ultrapar Participações by 1,497.3% in the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock valued at $832,000 after purchasing an additional 143,865 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of Ultrapar Participações by 22.9% during the 1st quarter. Aprio Wealth Management LLC now owns 28,337 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 5,281 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Ultrapar Participações during the 1st quarter valued at approximately $143,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações 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.