Ultrapar Participações (NYSE:UGP) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Ultrapar Participações (NYSE:UGP) from a neutral rating to a buy rating in a report published on Friday, Benzinga reports.

A number of other analysts have also weighed in on the stock. Itau BBA Securities lowered shares of Ultrapar Participações from an outperform rating to a market perform rating in a research note on Tuesday, April 2nd. StockNews.com lowered shares of Ultrapar Participações from a strong-buy rating to a buy rating in a research note on Friday, May 10th. Finally, The Goldman Sachs Group raised their price target on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a neutral rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $4.37.

Ultrapar Participações Stock Down 1.6 %

Shares of UGP opened at $4.01 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 3.09 and a beta of 1.63. 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 has a 12-month low of $3.39 and a 12-month high of $6.34. The business’s 50 day moving average is $4.83 and its 200 day moving average is $5.36.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UGP. Acadian Asset Management LLC lifted its position in Ultrapar Participações by 175.6% in the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock valued at $19,850,000 after acquiring an additional 2,211,696 shares during the last quarter. Natixis Advisors L.P. acquired a new position in shares of Ultrapar Participações during the 4th quarter worth approximately $1,169,000. US Bancorp DE boosted its position in Ultrapar Participações by 1,497.3% during the fourth quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 143,865 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Ultrapar Participações by 60.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock valued at $2,041,000 after purchasing an additional 133,791 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Ultrapar Participações by 8.2% during the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock valued at $5,076,000 after buying an additional 104,754 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Company Profile

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.