Ultrapar Participacoes (NYSE:UGP) Hits New 12-Month High – What’s Next?

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.63 and last traded at $5.4950, with a volume of 6315421 shares traded. The stock had previously closed at $5.34.

Analysts Set New Price Targets

UGP has been the subject of several recent analyst reports. Weiss Ratings cut Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Jefferies Financial Group raised Ultrapar Participacoes from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $3.10 to $5.60 in a report on Friday, March 13th. Wall Street Zen downgraded Ultrapar Participacoes from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, The Goldman Sachs Group lowered shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ultrapar Participacoes currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Ultrapar Participacoes Stock Performance

The stock’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $4.34. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $6.13 billion, a PE ratio of 13.74, a PEG ratio of 1.72 and a beta of 0.85.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 EPS for the quarter. Ultrapar Participacoes had a return on equity of 14.11% and a net margin of 1.72%.The business had revenue of $6.19 billion for the quarter. On average, research analysts predict that Ultrapar Participacoes S.A. will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Ultrapar Participacoes

Several large investors have recently bought and sold shares of UGP. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ultrapar Participacoes in the fourth quarter valued at $32,000. SG Americas Securities LLC purchased a new stake in shares of Ultrapar Participacoes in the 4th quarter worth about $44,000. GeoWealth Management LLC purchased a new stake in shares of Ultrapar Participacoes in the 4th quarter worth about $44,000. Quadrature Capital Ltd acquired a new stake in Ultrapar Participacoes in the 2nd quarter valued at about $45,000. Finally, EP Wealth Advisors LLC acquired a new stake in Ultrapar Participacoes in the 4th quarter valued at about $45,000. Institutional investors and hedge funds 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.