Gol Linhas Aéreas Inteligentes (NYSE:GOL) Updates Q1 2022 Earnings Guidance

Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) issued an update on its first quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.780-$-0.780 for the period, compared to the Thomson Reuters consensus estimate of $-0.100. The company issued revenue guidance of -.

Shares of GOL stock opened at $7.14 on Tuesday. Gol Linhas Aéreas Inteligentes has a fifty-two week low of $4.78 and a fifty-two week high of $11.43. The stock has a 50 day simple moving average of $6.65 and a two-hundred day simple moving average of $6.47. The company has a market cap of $1.41 billion, a P/E ratio of -1.04 and a beta of 0.85.

Several research analysts recently issued reports on GOL shares. StockNews.com raised shares of Gol Linhas Aéreas Inteligentes from a sell rating to a hold rating in a research note on Tuesday, April 5th. Seaport Res Ptn cut shares of Gol Linhas Aéreas Inteligentes from a buy rating to a neutral rating in a research report on Monday, March 7th. Finally, Barclays upped their price target on Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an overweight rating in a research note on Wednesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $12.46.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Gol Linhas Aéreas Inteligentes by 0.8% in the fourth quarter. BlackRock Inc. now owns 1,040,065 shares of the transportation company’s stock worth $6,292,000 after purchasing an additional 8,120 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Gol Linhas Aéreas Inteligentes by 2,556.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock valued at $42,000 after buying an additional 6,622 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Gol Linhas Aéreas Inteligentes in the 4th quarter valued at $248,000. Credit Suisse AG lifted its stake in Gol Linhas Aéreas Inteligentes by 17.4% during the 4th quarter. Credit Suisse AG now owns 123,070 shares of the transportation company’s stock valued at $744,000 after acquiring an additional 18,254 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Gol Linhas Aéreas Inteligentes by 87.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 63,230 shares of the transportation company’s stock worth $482,000 after acquiring an additional 29,488 shares during the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

About Gol Linhas Aéreas Inteligentes (Get Rating)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

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