Gol Linhas Aéreas Inteligentes (NYSE:GOL) Issues 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 EPS guidance of $-0.780-$-0.780 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.100. The company issued revenue guidance of -.

Shares of GOL stock opened at $6.77 on Tuesday. The firm has a fifty day moving average price of $6.68 and a 200 day moving average price of $6.44. The company has a market cap of $1.34 billion, a P/E ratio of -0.98 and a beta of 0.85. Gol Linhas Aéreas Inteligentes has a 12 month low of $4.78 and a 12 month high of $11.43.

GOL has been the subject of a number of analyst reports. StockNews.com upgraded 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 downgraded shares of Gol Linhas Aéreas Inteligentes from a buy rating to a neutral rating in a research note on Monday, March 7th. Finally, Barclays upped their price objective on shares of Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the company an overweight rating in a research note on Wednesday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $12.46.

Several institutional investors and hedge funds have recently made changes to their positions in GOL. Cubist Systematic Strategies LLC boosted its stake in shares of Gol Linhas Aéreas Inteligentes by 2,556.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock worth $42,000 after buying an additional 6,622 shares during the period. UBS Group AG boosted its stake in shares of Gol Linhas Aéreas Inteligentes by 64.2% during the third quarter. UBS Group AG now owns 17,232 shares of the transportation company’s stock worth $131,000 after buying an additional 6,737 shares during the period. Squarepoint Ops LLC purchased a new position in Gol Linhas Aéreas Inteligentes during the fourth quarter worth about $248,000. BNP Paribas Arbitrage SA raised its holdings in Gol Linhas Aéreas Inteligentes by 87.4% during the third quarter. BNP Paribas Arbitrage SA now owns 63,230 shares of the transportation company’s stock worth $482,000 after purchasing an additional 29,488 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in Gol Linhas Aéreas Inteligentes by 17.4% during the fourth quarter. Credit Suisse AG now owns 123,070 shares of the transportation company’s stock worth $744,000 after purchasing an additional 18,254 shares in the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile (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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