Ultrapar Participacoes S.A. (NYSE:UGP) Given Average Recommendation of "Moderate Buy" by Analysts

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.00.

UGP has been the subject of several research analyst reports. HSBC lowered shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating and raised their price objective for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. Wall Street Zen lowered shares of Ultrapar Participacoes from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. The Goldman Sachs Group lowered shares of Ultrapar Participacoes from a "buy" rating to a "neutral" rating and set a $5.40 price objective for the company. in a report on Thursday, February 5th. Weiss Ratings lowered shares of Ultrapar Participacoes from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, March 11th. Finally, UBS Group initiated coverage on shares of Ultrapar Participacoes in a report on Tuesday. They issued a "buy" rating and a $7.00 price objective for the company.

Institutional Trading of Ultrapar Participacoes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in Ultrapar Participacoes by 2.8% in the first quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company's stock worth $357,000 after buying an additional 1,784 shares during the period. Hsbc Holdings PLC lifted its holdings in Ultrapar Participacoes by 0.7% in the first quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company's stock worth $2,483,000 after buying an additional 3,050 shares during the period. Plan A Wealth LLC lifted its holdings in Ultrapar Participacoes by 32.4% in the third quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company's stock worth $58,000 after buying an additional 3,438 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Ultrapar Participacoes by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 75,215 shares of the oil and gas company's stock worth $308,000 after buying an additional 3,952 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Ultrapar Participacoes by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company's stock valued at $72,000 after purchasing an additional 4,688 shares during the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participacoes Stock Down 0.3%

NYSE UGP opened at $5.98 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.62 and a quick ratio of 1.26. The stock has a market capitalization of $6.67 billion, a PE ratio of 14.94, a PEG ratio of 1.68 and a beta of 0.77. Ultrapar Participacoes has a 1 year low of $2.80 and a 1 year high of $6.14. The business's 50-day moving average is $5.45 and its 200 day moving average is $4.62.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts forecast that Ultrapar Participacoes will post 0.46 earnings per share for the current year.

Ultrapar Participacoes Company Profile

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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