Analyst Rating Update on Ultrapar Participacoes S.A. (UGP)

Ultrapar Participacoes S.A. (NYSE:UGP) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 1 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

For the current week, the company shares have a recommendation consensus of Buy.

Ultrapar Participacoes S.A. (NYSE:UGP): stock turned positive on Tuesday. Though the stock opened at $21.06, the bulls momentum made the stock top out at $21.27 level for the day. The stock recorded a low of $20.89 and closed the trading day at $21.22, in the green by 2.81%. The total traded volume for the day was 702,490. The stock had closed at $20.64 in the previous days trading.

Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants. Oxiteno produces ethylene oxide and its main derivatives; specialty chemicals, and fatty alcohols and related by-products. Ultracargo provides storage for liquid bulk in Brazil. The Company is also engaged in oil refining, through a stake held in Refinaria de Petroleo Riograndense SA.

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