Gol Linhas Aéreas Inteligentes (NYSE:GOL) Price Target Cut to $2.65 by Analysts at The Goldman Sachs Group

Gol Linhas Aéreas Inteligentes (NYSE:GOL) had its target price reduced by The Goldman Sachs Group from $3.10 to $2.65 in a research report report published on Monday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

GOL has been the subject of several other research reports. StockNews.com initiated coverage on shares of Gol Linhas Aéreas Inteligentes in a report on Thursday, October 5th. They issued a buy rating for the company. Citigroup cut shares of Gol Linhas Aéreas Inteligentes from a buy rating to a neutral rating and set a $4.20 price target for the company. in a research report on Tuesday, August 15th. Finally, Barclays raised their price target on shares of Gol Linhas Aéreas Inteligentes from $3.50 to $5.50 in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $4.34.

Gol Linhas Aéreas Inteligentes Stock Performance

Gol Linhas Aéreas Inteligentes stock opened at $3.07 on Monday. Gol Linhas Aéreas Inteligentes has a fifty-two week low of $2.00 and a fifty-two week high of $5.59. The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $3.43. The company has a market capitalization of $768.24 million, a PE ratio of -51.16, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36.

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. acquired a new position in shares of Gol Linhas Aéreas Inteligentes during the first quarter worth $87,000. HighTower Advisors LLC grew its stake in shares of Gol Linhas Aéreas Inteligentes by 3.1% during the first quarter. HighTower Advisors LLC now owns 85,750 shares of the transportation company’s stock worth $618,000 after purchasing an additional 2,550 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Gol Linhas Aéreas Inteligentes by 1.3% during the first quarter. Vanguard Group Inc. now owns 698,744 shares of the transportation company’s stock worth $5,031,000 after purchasing an additional 8,670 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Gol Linhas Aéreas Inteligentes during the first quarter worth $760,000. Finally, State Street Corp grew its stake in shares of Gol Linhas Aéreas Inteligentes by 3.8% during the first quarter. State Street Corp now owns 64,556 shares of the transportation company’s stock worth $465,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

About Gol Linhas Aéreas Inteligentes

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 and internationally. The company offers Smiles, a frequent-flyer programs to approximately 20.5 million members, allowing clients to accumulate and redeem miles.