Ultrapar Participações (NYSE:UGP) Upgraded at StockNews.com

Ultrapar Participações (NYSE:UGP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other research analysts have also recently issued reports about the stock. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group dropped their target price on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Finally, HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Up 1.7 %

Ultrapar Participações stock opened at $3.62 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.55. The stock has a market cap of $4.04 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. Ultrapar Participações has a fifty-two week low of $3.51 and a fifty-two week high of $6.34. The firm’s 50-day simple moving average is $3.99 and its 200 day simple moving average is $4.32.

Ultrapar Participações (NYSE:UGP) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Research analysts predict that Ultrapar Participações will post 0.34 EPS for the current fiscal year.

Institutional Trading of Ultrapar Participações

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. D Orazio & Associates Inc. increased its holdings in Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 3,498 shares during the period. BNP Paribas Financial Markets increased its holdings in Ultrapar Participações by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock worth $103,000 after acquiring an additional 4,757 shares during the period. Signaturefd LLC increased its holdings in Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 6,476 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in shares of Ultrapar Participações by 7.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in shares of Ultrapar Participações by 33.7% during the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 9,794 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

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.