Ultrapar Participações (NYSE:UGP) Rating Increased to Buy at Citigroup

Ultrapar Participações (NYSE:UGP) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Friday, Benzinga reports.

UGP has been the topic of several other research reports. Itau BBA Securities downgraded shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd. StockNews.com downgraded shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.37.

Ultrapar Participações Stock Up 0.5 %

NYSE:UGP opened at $4.07 on Friday. Ultrapar Participações has a twelve month low of $3.39 and a twelve month high of $6.34. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 3.08 and a beta of 1.63. The stock has a fifty day simple moving average of $4.86 and a 200-day simple moving average of $5.37. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.08 earnings per share for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. The firm had revenue of $6.14 billion during the quarter. Analysts anticipate that Ultrapar Participações will post 0.32 EPS for the current year.

Institutional Trading of Ultrapar Participações

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Ultrapar Participações by 254.7% during the 4th quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 4,162 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of Ultrapar Participações during the 4th quarter worth about $46,000. TCG Advisory Services LLC acquired a new stake in shares of Ultrapar Participações during the 4th quarter worth about $62,000. D Orazio & Associates Inc. purchased a new position in Ultrapar Participações during the 1st quarter valued at about $66,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Ultrapar Participações during the 1st quarter valued at about $80,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.