Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Receives Consensus Rating of “Hold” from Brokerages

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) has received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.76.

GOL has been the topic of several analyst reports. Barclays cut Gol Linhas Aéreas Inteligentes from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $9.00 to $4.00 in a report on Wednesday, July 6th. The Goldman Sachs Group reduced their target price on Gol Linhas Aéreas Inteligentes from $8.05 to $4.95 and set a “buy” rating on the stock in a report on Tuesday, July 5th. StockNews.com upgraded Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Seaport Res Ptn upgraded Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Gol Linhas Aéreas Inteligentes from $10.00 to $6.00 in a report on Tuesday.

Gol Linhas Aéreas Inteligentes Price Performance

Shares of GOL stock opened at $2.95 on Friday. The business’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $5.69. Gol Linhas Aéreas Inteligentes has a one year low of $2.74 and a one year high of $8.56. The stock has a market capitalization of $584.42 million, a PE ratio of -1.59 and a beta of 1.19.

Gol Linhas Aéreas Inteligentes (NYSE:GOLGet Rating) last announced its earnings results on Thursday, April 28th. The transportation company reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.04. The company had revenue of $616.19 million during the quarter, compared to the consensus estimate of $603.20 million. As a group, research analysts expect that Gol Linhas Aéreas Inteligentes will post -1.17 earnings per share for the current year.

Hedge Funds Weigh In On Gol Linhas Aéreas Inteligentes

A number of institutional investors and hedge funds have recently modified their holdings of GOL. American Century Companies Inc. bought a new position in shares of Gol Linhas Aéreas Inteligentes in the 1st quarter worth $87,000. Veriti Management LLC raised its position in Gol Linhas Aéreas Inteligentes by 111.8% in the 2nd quarter. Veriti Management LLC now owns 28,074 shares of the transportation company’s stock valued at $96,000 after buying an additional 14,817 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Gol Linhas Aéreas Inteligentes in the 1st quarter valued at $113,000. Virtu Financial LLC purchased a new stake in Gol Linhas Aéreas Inteligentes in the 1st quarter valued at $117,000. Finally, Raymond James & Associates raised its position in Gol Linhas Aéreas Inteligentes by 73.9% in the 4th quarter. Raymond James & Associates now owns 21,098 shares of the transportation company’s stock valued at $128,000 after buying an additional 8,965 shares during the last quarter. 1.81% of the stock is currently owned by institutional investors.

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.

Read More

Analyst Recommendations for Gol Linhas Aéreas Inteligentes (NYSE:GOL)

Receive News & Ratings for Gol Linhas Aéreas Inteligentes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aéreas Inteligentes and related companies with MarketBeat.com's FREE daily email newsletter.