Brokerages Set Ultrapar Participacoes S.A. (NYSE:UGP) Target Price at $6.32

Ultrapar Participacoes S.A. (NYSE:UGPGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.32.

Several research firms recently issued reports on UGP. Weiss Ratings reissued a “hold (c+)” rating on shares of Ultrapar Participacoes in a report on Monday, June 8th. UBS Group lifted their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the company a “buy” rating in a report on Wednesday, June 17th. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their price target for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th.

View Our Latest Report on Ultrapar Participacoes

Institutional Trading of Ultrapar Participacoes

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in Ultrapar Participacoes by 10.9% in the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 6,947 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ultrapar Participacoes by 75.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,878,904 shares of the oil and gas company’s stock valued at $6,163,000 after buying an additional 806,463 shares during the period. Franklin Resources Inc. lifted its position in Ultrapar Participacoes by 100.8% in the second quarter. Franklin Resources Inc. now owns 22,832 shares of the oil and gas company’s stock worth $75,000 after buying an additional 11,461 shares during the last quarter. Invesco Ltd. lifted its position in Ultrapar Participacoes by 80.9% in the second quarter. Invesco Ltd. now owns 177,847 shares of the oil and gas company’s stock worth $583,000 after buying an additional 79,524 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Ultrapar Participacoes by 26.6% during the second quarter. Sei Investments Co. now owns 66,997 shares of the oil and gas company’s stock worth $220,000 after buying an additional 14,060 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Price Performance

Shares of UGP opened at $5.87 on Monday. The firm has a market cap of $6.55 billion, a PE ratio of 11.74, a P/E/G ratio of 0.36 and a beta of 0.70. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $5.59 and a two-hundred day simple moving average of $5.47. Ultrapar Participacoes has a 1-year low of $3.11 and a 1-year high of $6.59.

About Ultrapar Participacoes

(Get Free Report)

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.

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Analyst Recommendations for Ultrapar Participacoes (NYSE:UGP)

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