Ultrapar stock holds near a 52-week high after Scotiabank's cut

Published on 09/18/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ultrapar stock opened at USD 7.57 on September 18, 2026, with a market value of USD 8.44 billion. Scotiabank cut Ultrapar to Sector Perform on September 17, 2026.

Ultrapar, BRUGPAACNOR8, Illustration mit AI erstellt.

Ultrapar stock (ISIN BRUGPAACNOR8) opened at USD 7.57 on September 18, 2026, with a market capitalization of USD 8.44 billion and a 52-week range of USD 3.60 to USD 7.63.

Scotiabank shifts its view

According to MarketBeat on September 17, 2026, Scotiabank moved Ultrapar Participacoes to Sector Perform from Sector Outperform. The same report said Ultrapar had last posted quarterly results on August 12, 2026.

That quarter brought EPS of USD 0.28, which beat the consensus estimate of USD 0.27 by USD 0.01. Revenue was USD 8.0 billion versus expectations of USD 8.18 billion, while the net margin stood at 2.28 percent and return on equity at 18.84 percent, according to MarketBeat.

Price sits near the high

On September 17, 2026, Yahoo Finance showed Ultrapar at USD 7.48, down 1.06 percent on the day, with a 52-week range of USD 3.60 to USD 7.63 and volume of 851,381 shares. That leaves the stock within USD 0.15 of its yearly high.

What the numbers say

For investors, the key contrast is clear: the stock trades close to its 52-week peak, while the latest quarter still showed revenue of USD 8.0 billion, EPS of USD 0.28 and a margin of 2.28 percent. The next visible catalyst is the follow-up debate around valuation after the Scotiabank move on September 17, 2026.