Ultrapar Participacoes (UGP) Earning Favorable Media Coverage, Study Finds
Media coverage about Ultrapar Participacoes (NYSE:UGP) has been trending positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ultrapar Participacoes earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 46.1425632777938 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Bank of America Corporation lowered shares of Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, lowered shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Ultrapar Participacoes has an average rating of “Hold” and an average target price of $27.00.
Ultrapar Participacoes (UGP) traded up $0.36 during trading hours on Thursday, reaching $21.75. 705,900 shares of the company were exchanged, compared to its average volume of 534,746. Ultrapar Participacoes has a 1-year low of $18.99 and a 1-year high of $25.39. The company has a quick ratio of 1.98, a current ratio of 2.51 and a debt-to-equity ratio of 1.11. The firm has a market cap of $11,901.50, a price-to-earnings ratio of 26.74 and a beta of 1.10.
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Ultrapar Participacoes Company Profile
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