Ultrapar Participações (NYSE:UGP) Stock Rating Upgraded by JPMorgan Chase & Co.

Ultrapar Participações (NYSE:UGP - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Tuesday, Marketbeat reports.

A number of other research analysts have also weighed in on the company. Scotiabank upgraded Ultrapar Participações to a "hold" rating in a report on Friday, December 27th. StockNews.com downgraded Ultrapar Participações from a "buy" rating to a "hold" rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.20.

Ultrapar Participações Trading Up 6.2 %

NYSE:UGP traded up $0.16 on Tuesday, reaching $2.74. 3,008,453 shares of the stock traded hands, compared to its average volume of 1,557,438. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $6.34. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $3.06 and its 200-day moving average is $3.68.

Institutional Trading of Ultrapar Participações

Several hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of Ultrapar Participações in the third quarter worth $46,000. Freedom Investment Management Inc. bought a new position in shares of Ultrapar Participações during the 3rd quarter valued at $48,000. D Orazio & Associates Inc. increased its holdings in shares of Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company's stock worth $59,000 after buying an additional 3,498 shares during the period. Signaturefd LLC increased its stake in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock worth $62,000 after purchasing an additional 6,476 shares during the period. Finally, PDS Planning Inc boosted its stake in shares of Ultrapar Participações by 90.2% during the third quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company's stock valued at $83,000 after purchasing an additional 10,153 shares during the period. 3.58% of the stock is currently owned by institutional investors.

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.