Somewhat Positive Press Coverage Somewhat Unlikely to Affect Ultrapar Participacoes (UGP) Share Price
News articles about Ultrapar Participacoes (NYSE:UGP) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ultrapar Participacoes earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.8226617215366 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Ultrapar Participacoes (UGP) opened at 23.28 on Friday. The company has a market capitalization of $12.65 billion, a P/E ratio of 28.29 and a beta of 1.12. The stock’s 50 day moving average price is $23.15 and its 200-day moving average price is $22.79. Ultrapar Participacoes has a 52-week low of $18.38 and a 52-week high of $24.79.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a $0.2694 dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, August 17th. Ultrapar Participacoes’s dividend payout ratio (DPR) is presently 67.50%.
A number of research firms have recently weighed in on UGP. Zacks Investment Research downgraded Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Bank of America Corporation downgraded Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, HSBC Holdings plc downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Ultrapar Participacoes Company Profile
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