Investment analysts at UBS Group started coverage on shares of Ultrapar Participacoes (NYSE:UGP - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $7.00 price target on the oil and gas company's stock. UBS Group's price target indicates a potential upside of 20.63% from the company's previous close.
A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group upgraded Ultrapar Participacoes from an "underperform" rating to a "hold" rating and increased their price target for the stock from $3.10 to $5.60 in a report on Friday, March 13th. HSBC cut Ultrapar Participacoes from a "buy" rating to a "hold" rating and increased their price target for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. The Goldman Sachs Group cut Ultrapar Participacoes from a "buy" rating to a "neutral" rating and set a $5.40 price target on the stock. in a report on Thursday, February 5th. Weiss Ratings cut Ultrapar Participacoes from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, March 11th. Finally, Wall Street Zen cut Ultrapar Participacoes from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $6.00.
Check Out Our Latest Analysis on UGP
Ultrapar Participacoes Price Performance
Ultrapar Participacoes stock opened at $5.80 on Tuesday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.61 and a beta of 0.76. Ultrapar Participacoes has a 52-week low of $2.80 and a 52-week high of $6.14. The stock's 50 day moving average price is $5.40 and its two-hundred day moving average price is $4.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.26 and a current ratio of 1.62.
Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $6.19 billion for the quarter. Ultrapar Participacoes had a return on equity of 14.11% and a net margin of 1.72%. On average, equities analysts predict that Ultrapar Participacoes will post 0.46 earnings per share for the current year.
Hedge Funds Weigh In On Ultrapar Participacoes
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Ultrapar Participacoes by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,084,186 shares of the oil and gas company's stock worth $16,745,000 after purchasing an additional 2,205,282 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Ultrapar Participacoes in the 3rd quarter worth $14,639,000. Optiver Holding B.V. bought a new position in shares of Ultrapar Participacoes in the 3rd quarter worth $1,552,000. Raiffeisen Bank International AG lifted its holdings in shares of Ultrapar Participacoes by 30.4% in the 3rd quarter. Raiffeisen Bank International AG now owns 537,128 shares of the oil and gas company's stock worth $2,191,000 after purchasing an additional 125,129 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its holdings in shares of Ultrapar Participacoes by 350.7% in the 4th quarter. Kapitalo Investimentos Ltda now owns 874,882 shares of the oil and gas company's stock worth $3,298,000 after purchasing an additional 680,782 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.
Ultrapar Participacoes Company Profile
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Get Free Report)
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.
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