Ultrapar Participações S.A. (NYSE:UGP) Receives $5.20 Consensus Target Price from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.20.

A number of research firms have issued reports on UGP. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th.

Ultrapar Participações Stock Performance

Shares of UGP opened at $2.59 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações has a one year low of $2.53 and a one year high of $6.34. The business has a fifty day moving average of $3.00 and a 200 day moving average of $3.65.

Hedge Funds Weigh In On Ultrapar Participações

Several large investors have recently made changes to their positions in UGP. Marshall Wace LLP lifted its holdings in Ultrapar Participações by 332.6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after purchasing an additional 1,099,433 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ultrapar Participações by 57.9% in the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after buying an additional 898,600 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Ultrapar Participações during the third quarter worth $1,595,000. Virtu Financial LLC purchased a new position in Ultrapar Participações during the third quarter valued at $452,000. Finally, JPMorgan Chase & Co. increased its holdings in Ultrapar Participações by 194.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock valued at $617,000 after acquiring an additional 105,133 shares during the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

About Ultrapar Participações

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.