Brokerages Set Ultrapar Participacoes S.A. (NYSE:UGP) Target Price at $6.00

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.00.

Several equities analysts have commented on the stock. HSBC cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and raised their price target for the company from $4.90 to $6.00 in a research report on Wednesday, April 8th. Weiss Ratings cut 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 raised their price target for the company from $3.10 to $5.60 in a research report on Friday, March 13th. The Goldman Sachs Group cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price target for the company. in a research report on Thursday, February 5th. Finally, UBS Group assumed coverage on shares of Ultrapar Participacoes in a research report on Tuesday, April 28th. They issued a “buy” rating and a $7.00 price target for the company.

Ultrapar Participacoes Stock Performance

NYSE:UGP opened at $6.11 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.26 and a current ratio of 1.62. The stock has a market capitalization of $6.81 billion, a P/E ratio of 15.26, a PEG ratio of 1.10 and a beta of 0.77. The company has a 50 day moving average price of $5.48 and a 200 day moving average price of $4.68. Ultrapar Participacoes has a fifty-two week low of $2.80 and a fifty-two week high of $6.16.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share for the quarter. The firm had revenue of $6.19 billion during the quarter. Ultrapar Participacoes had a net margin of 1.72% and a return on equity of 14.11%. Equities research analysts forecast that Ultrapar Participacoes will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Ultrapar Participacoes

Several institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda lifted its position in shares of Ultrapar Participacoes by 4.6% during the 1st quarter. Kapitalo Investimentos Ltda now owns 915,468 shares of the oil and gas company’s stock worth $5,044,000 after purchasing an additional 40,586 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ultrapar Participacoes by 42.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company’s stock worth $5,210,000 after purchasing an additional 282,887 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Ultrapar Participacoes by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 29,156 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 7,366 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Ultrapar Participacoes during the 1st quarter worth $62,000. Finally, Bleakley Financial Group LLC lifted its position in shares of Ultrapar Participacoes by 12.6% during the 1st quarter. Bleakley Financial Group LLC now owns 213,465 shares of the oil and gas company’s stock worth $1,176,000 after purchasing an additional 23,937 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other 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.