Ultrapar Participacoes S.A. (NYSE:UGP) Receives $6.32 Average PT from Analysts

Ultrapar Participacoes S.A. (NYSE:UGP) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.32.

A number of research firms have recently commented on UGP. HSBC cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and upped their price target for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. UBS Group boosted their price objective on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and raised their target price for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UGP. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ultrapar Participacoes in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Ultrapar Participacoes by 45.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,982 shares during the period. SG Americas Securities LLC purchased a new position in shares of Ultrapar Participacoes during the fourth quarter valued at $44,000. GeoWealth Management LLC bought a new stake in shares of Ultrapar Participacoes in the fourth quarter valued at about $44,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Ultrapar Participacoes in the fourth quarter valued at about $45,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participacoes Price Performance

UGP opened at $6.49 on Thursday. The business has a fifty day moving average of $5.36 and a 200 day moving average of $5.23. The stock has a market cap of $7.23 billion, a P/E ratio of 12.97, a PEG ratio of 0.51 and a beta of 0.71. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. Ultrapar Participacoes has a 52-week low of $2.87 and a 52-week high of $6.50.

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.