Ultrapar Participacoes S.A. (UGP) : Zacks Investment Research ranks Ultrapar Participacoes S.A. (UGP) as 1, which is a Strong Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.
Ultrapar Participacoes S.A. (NYSE:UGP): After opening at $21.23, the stock dipped to an intraday low of $21.03 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.55 and the buying power remained strong till the end. The stock closed at $21.49 for the day, a gain of 1.51% for the day session. The total traded volume was 508,959. The stocks close on the previous trading day was $21.17.
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.