News coverage about Ultrapar Participacoes (NYSE:UGP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ultrapar Participacoes earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
A number of analysts have weighed in on the company. Zacks Investment Research cut Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Citigroup Inc. cut Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 11th.
Shares of Ultrapar Participacoes (NYSE UGP) traded up 0.51% during trading on Friday, hitting $23.53. The company’s stock had a trading volume of 307,378 shares. Ultrapar Participacoes has a 52 week low of $18.38 and a 52 week high of $24.78. The firm’s 50 day moving average price is $23.47 and its 200-day moving average price is $22.50. The company has a market cap of $12.79 billion, a PE ratio of 25.97 and a beta of 1.12.
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About Ultrapar Participacoes
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