Ultrapar Participações (NYSE:UGP) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a strong-buy rating in a report issued on Friday.

UGP has been the subject of a number of other reports. Jefferies Financial Group assumed coverage on Ultrapar Participações in a research note on Thursday, September 21st. They set an underperform rating and a $3.30 price target for the company. The Goldman Sachs Group upped their price target on Ultrapar Participações from $4.00 to $4.60 and gave the company a neutral rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average target price of $3.90.

Ultrapar Participações Trading Up 3.2 %

Shares of NYSE UGP opened at $5.13 on Friday. The business has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $3.81. Ultrapar Participações has a one year low of $2.18 and a one year high of $5.16. The firm has a market capitalization of $5.72 billion, a PE ratio of 13.15, a PEG ratio of 4.67 and a beta of 1.39. The company has a current ratio of 1.81, a quick ratio of 1.42 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UGP. Tower Research Capital LLC TRC raised its holdings in shares of Ultrapar Participações by 128.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,176 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 5,727 shares during the period. Creative Planning bought a new position in shares of Ultrapar Participações in the 2nd quarter valued at $42,000. Franklin Resources Inc. acquired a new position in Ultrapar Participações in the 4th quarter worth about $26,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Ultrapar Participações during the 2nd quarter worth approximately $45,000. Finally, PDS Planning Inc bought a new stake in shares of Ultrapar Participações in the second quarter worth $45,000. 3.50% of the stock is currently owned by institutional investors.

Ultrapar Participações Company Profile

Ultrapar Participações SA operates in the energy and infrastructure business in in Brazil, Europe, Singapore, the United States, Canada, other Latin American countries, and internationally. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers; and renewable electricity and compressed natural gas.