Ultrapar Participações S.A. (NYSE:UGP) Receives $3.20 Average PT from Analysts

Shares of Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) have been given an average rating of "Buy" by the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.20.

Separately, Wall Street Zen cut shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

Institutional Trading of Ultrapar Participações

Several hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC bought a new position in shares of Ultrapar Participações during the 1st quarter valued at approximately $53,000. AQR Capital Management LLC increased its stake in shares of Ultrapar Participações by 10.9% in the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company's stock worth $218,000 after purchasing an additional 6,947 shares in the last quarter. Aprio Wealth Management LLC increased its stake in shares of Ultrapar Participações by 138.9% in the first quarter. Aprio Wealth Management LLC now owns 85,370 shares of the oil and gas company's stock worth $263,000 after purchasing an additional 49,628 shares in the last quarter. Vident Advisory LLC raised its position in shares of Ultrapar Participações by 5.9% during the 1st quarter. Vident Advisory LLC now owns 138,906 shares of the oil and gas company's stock valued at $428,000 after purchasing an additional 7,777 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Ultrapar Participações by 6.5% during the 1st quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company's stock valued at $5,828,000 after buying an additional 116,150 shares in the last quarter. Institutional investors own 3.58% of the company's stock.

Ultrapar Participações Stock Performance

UGP traded up $0.04 during mid-day trading on Monday, reaching $3.15. 1,762,320 shares of the company traded hands, compared to its average volume of 1,724,037. The company's fifty day moving average price is $2.99 and its 200-day moving average price is $2.91. The stock has a market capitalization of $3.51 billion, a P/E ratio of 6.85, a P/E/G ratio of 2.39 and a beta of 1.03. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a 52-week low of $2.53 and a 52-week high of $4.51.

Ultrapar Participações 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.