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

Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $3.20.

Several brokerages have recently weighed in on UGP. Scotiabank raised shares of Ultrapar Participações to a "hold" rating in a report on Friday, December 27th. Hsbc Global Res raised Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a report on Friday, January 17th. StockNews.com cut Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and reduced their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Ultrapar Participações from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Ultrapar Participações

Institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in shares of Ultrapar Participações during the 3rd quarter worth $1,595,000. SG Americas Securities LLC purchased a new position in Ultrapar Participações during the 4th quarter valued at about $374,000. Virtu Financial LLC acquired a new position in Ultrapar Participações during the third quarter worth about $452,000. Hennessy Advisors Inc. lifted its holdings in shares of Ultrapar Participações by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company's stock valued at $4,764,000 after purchasing an additional 115,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ultrapar Participações by 194.7% in the third quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company's stock valued at $617,000 after purchasing an additional 105,133 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.

Ultrapar Participações Stock Performance

Shares of NYSE UGP traded down $0.09 during mid-day trading on Tuesday, hitting $2.77. 907,975 shares of the company were exchanged, compared to its average volume of 1,334,779. The stock has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $3.48. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $6.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52.

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.