Ultrapar Participacoes S.A. (NYSE:UGP) Receives $5.50 Consensus PT from Brokerages

Ultrapar Participacoes S.A. (NYSE:UGP) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.50.

Several equities research analysts have recently weighed in on UGP shares. Weiss Ratings downgraded shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Jefferies Financial Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and increased their price target for the stock from $3.10 to $5.60 in a research report on Friday, March 13th. Wall Street Zen downgraded Ultrapar Participacoes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, The Goldman Sachs Group lowered Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price objective for the company. in a report on Thursday, February 5th.

Ultrapar Participacoes Stock Up 1.7%

UGP stock opened at $5.10 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $4.85 and a 200-day simple moving average of $4.25. The company has a market capitalization of $5.68 billion, a P/E ratio of 12.74, a PEG ratio of 1.62 and a beta of 0.85. Ultrapar Participacoes has a twelve month low of $2.70 and a twelve month high of $5.42.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings results on Wednesday, March 4th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Ultrapar Participacoes had a net margin of 1.72% and a return on equity of 14.11%. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.64 billion. On average, equities research analysts predict that Ultrapar Participacoes will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ultrapar Participacoes

A number of institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at approximately $32,000. SG Americas Securities LLC acquired a new position in Ultrapar Participacoes in the fourth quarter worth $44,000. GeoWealth Management LLC acquired a new position in Ultrapar Participacoes in the fourth quarter worth $44,000. Quadrature Capital Ltd bought a new stake in Ultrapar Participacoes during the second quarter valued at $45,000. Finally, EP Wealth Advisors LLC bought a new stake in Ultrapar Participacoes during the fourth quarter valued at $45,000. 3.58% of the stock is currently owned by institutional investors.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.