Ultrapar Participacoes (NYSE:UGP) Stock Price Expected to Rise, UBS Group Analyst Says

Ultrapar Participacoes (NYSE:UGP) had its price target increased by research analysts at UBS Group from $7.20 to $7.90 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. UBS Group’s target price would suggest a potential upside of 9.65% from the company’s previous close.

UGP has been the topic of several other research reports. The Goldman Sachs Group cut their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research note on Wednesday, August 26th. Weiss Ratings upgraded Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Bank of America raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.80 to $7.40 in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.54.

Ultrapar Participacoes Price Performance

Shares of UGP opened at $7.21 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The company has a 50 day moving average price of $6.15 and a 200-day moving average price of $5.65. Ultrapar Participacoes has a fifty-two week low of $3.60 and a fifty-two week high of $7.29. The stock has a market capitalization of $8.04 billion, a PE ratio of 11.83, a PEG ratio of 0.43 and a beta of 0.73.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. Equities analysts predict that Ultrapar Participacoes will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultrapar Participacoes

In related news, CEO Decio De Sampaio Amaral sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total transaction of $55,440.00. Following the transaction, the chief executive officer directly owned 151,432 shares in the company, valued at approximately $1,049,423.76. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Ultrapar Participacoes

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,982 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of Ultrapar Participacoes in the first quarter valued at approximately $55,000. Allspring Global Investments Holdings LLC purchased a new position in Ultrapar Participacoes during the first quarter worth approximately $62,000. Finally, GeoWealth Management LLC acquired a new position in Ultrapar Participacoes during the fourth quarter worth $44,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.