Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.60.
Several equities analysts recently commented on GOL shares. ValuEngine cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Buckingham Research raised shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and upped their target price for the stock from $19.00 to $24.00 in a report on Monday, October 28th.
GOL stock opened at $16.32 on Friday. The firm has a market capitalization of $2.84 billion, a PE ratio of -116.57 and a beta of -0.18. Gol Linhas Aereas Inteligentes has a twelve month low of $9.36 and a twelve month high of $23.30. The stock has a 50-day simple moving average of $16.97 and a two-hundred day simple moving average of $17.04.
Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Gol Linhas Aereas Inteligentes had a negative return on equity of 10.24% and a net margin of 0.37%. The firm had revenue of $935.99 million for the quarter, compared to analysts’ expectations of $938.42 million. As a group, sell-side analysts expect that Gol Linhas Aereas Inteligentes will post 0.75 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of GOL. Millennium Management LLC boosted its stake in Gol Linhas Aereas Inteligentes by 43.6% during the third quarter. Millennium Management LLC now owns 1,267,009 shares of the transportation company’s stock valued at $19,600,000 after buying an additional 384,474 shares during the period. SG Americas Securities LLC increased its stake in Gol Linhas Aereas Inteligentes by 9,511.4% in the 3rd quarter. SG Americas Securities LLC now owns 961,622 shares of the transportation company’s stock worth $14,876,000 after acquiring an additional 951,617 shares during the last quarter. Morgan Stanley increased its stake in Gol Linhas Aereas Inteligentes by 130.5% in the 2nd quarter. Morgan Stanley now owns 691,375 shares of the transportation company’s stock worth $11,670,000 after acquiring an additional 391,389 shares during the last quarter. Barclays PLC increased its stake in Gol Linhas Aereas Inteligentes by 240.5% in the 3rd quarter. Barclays PLC now owns 490,929 shares of the transportation company’s stock worth $7,594,000 after acquiring an additional 346,729 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Gol Linhas Aereas Inteligentes by 570.1% in the 2nd quarter. Bank of America Corp DE now owns 242,513 shares of the transportation company’s stock valued at $4,094,000 after acquiring an additional 206,324 shares in the last quarter. Institutional investors own 3.32% of the company’s stock.
About Gol Linhas Aereas Inteligentes
GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.
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