Ultrapar's Turnaround Complete: Time To Consider A Buy Rating
Ultra(UGP) Seeking Alpha·2024-08-29 16:07
RafaPress/iStock Editorial via Getty Images Ultrapar Participações S.A. (NYSE:UGP) is a holding company that operates mainly in the fuel distribution (mobility), gas/energy, and logistics businesses. In recent years, the company has worked to reduce and optimize its investment portfolio, divesting from companies with less synergy and expertise, such as Oxiteno, Extrafarma, and ConectCar. This divestment, combined with the other profitability and deleveraging strategies, led Ultrapar to return to interesting ...