Brokerages Set Ultrapar Participacoes S.A. (NYSE:UGP) Target Price at $3.20

Key Points

• Ultrapar Participacoes S.A. has received an average analyst recommendation of "Buy", with four analysts issuing buy ratings and one a strong buy rating.
• Scotiabank recently upgraded the company's stock from "sector perform" to "sector outperform", indicating positive sentiment among analysts.
• The stock has a current price of $3.05, with a 12-month target price estimated at $3.20 and a market cap of $3.40 billion.

Shares of Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) have been assigned an average recommendation of "Buy" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.20.

Several equities research analysts recently commented on UGP shares. Wall Street Zen lowered Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Scotiabank upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday.

Institutional Investors Weigh In On Ultrapar Participacoes

Several institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in Ultrapar Participacoes by 55.6% during the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company's stock worth $29,000 after buying an additional 3,380 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Ultrapar Participacoes during the 4th quarter worth approximately $29,000. Franklin Resources Inc. acquired a new position in Ultrapar Participacoes during the 4th quarter worth approximately $31,000. Regatta Capital Group LLC acquired a new position in Ultrapar Participacoes during the 2nd quarter worth approximately $41,000. Finally, Wolverine Trading LLC acquired a new position in Ultrapar Participacoes during the 4th quarter worth approximately $35,000. Institutional investors own 3.58% of the company's stock.

Ultrapar Participacoes Trading Up 2.1%

Shares of NYSE UGP traded up $0.07 during trading on Tuesday, reaching $3.13. The company had a trading volume of 1,191,712 shares, compared to its average volume of 1,887,878. Ultrapar Participacoes has a 12 month low of $2.53 and a 12 month high of $4.51. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $3.07 and its 200-day moving average price is $2.99. The stock has a market cap of $3.49 billion, a P/E ratio of 8.68, a PEG ratio of 3.12 and a beta of 1.06.

Ultrapar Participacoes 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.