Ultrapar Participações (NYSE:UGP) Upgraded at Hsbc Global Res

Ultrapar Participações (NYSE:UGP) was upgraded by equities researchers at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. Finally, The Goldman Sachs Group dropped their price target on Ultrapar Participações from $4.80 to $4.10 and set a “neutral” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.10.

Ultrapar Participações Stock Down 1.3 %

Ultrapar Participações stock opened at $2.66 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $3.61. The company has a market cap of $2.96 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $6.34.

Institutional Investors Weigh In On Ultrapar Participações

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP lifted its holdings in Ultrapar Participações by 332.6% during the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after purchasing an additional 1,099,433 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ultrapar Participações by 57.9% during the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after buying an additional 898,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Ultrapar Participações during the third quarter worth about $1,595,000. SG Americas Securities LLC bought a new position in Ultrapar Participações during the fourth quarter worth about $374,000. Finally, Virtu Financial LLC acquired a new stake in Ultrapar Participações in the 3rd quarter worth about $452,000. 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.