Brokerage Firm Rating Update on Ultrapar Participacoes S.A. (UGP)

Ultrapar Participacoes S.A. (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 1, which is also a Strong Buy.


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

Ultrapar Participacoes S.A. (NYSE:UGP): The stock opened at $22.68 and touched an intraday high of $22.8 on Wednesday. During the day, the stock corrected to an intraday low of $22.57, however, the bulls stepped in and pushed the price higher to close in the green at $22.77 with a gain of 0.35% for the day. The total traded volume for the day was 393,718. The stock had closed at $22.69 in the previous trading session.

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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