Gol Transportes A?reos (GOL) Upgraded to “Strong-Buy” by ValuEngine

ValuEngine upgraded shares of Gol Transportes A?reos (NYSE:GOL) from a buy rating to a strong-buy rating in a research note released on Monday morning.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Gol Transportes A?reos from a buy rating to a hold rating in a report on Tuesday, February 6th. Bank of America lowered shares of Gol Transportes A?reos from a buy rating to a neutral rating in a report on Thursday, January 11th. Finally, Buckingham Research reaffirmed a buy rating and set a $15.00 price target (up from $14.00) on shares of Gol Transportes A?reos in a report on Thursday, March 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $19.67.

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GOL traded up $1.30 during trading hours on Monday, reaching $13.79. 696,688 shares of the stock traded hands, compared to its average volume of 334,339. The firm has a market cap of $2,151.40, a price-to-earnings ratio of 46.26 and a beta of 1.92. Gol Transportes A?reos has a fifty-two week low of $4.13 and a fifty-two week high of $13.79. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of -1.97.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Gol Transportes A?reos by 242.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,940,700 shares of the transportation company’s stock worth $25,761,000 after acquiring an additional 2,083,138 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Gol Transportes A?reos by 149.6% during the 4th quarter. Macquarie Group Ltd. now owns 2,804,320 shares of the transportation company’s stock worth $24,566,000 after acquiring an additional 1,680,898 shares in the last quarter. Contrarian Capital Management L.L.C. grew its holdings in Gol Transportes A?reos by 32.5% during the 3rd quarter. Contrarian Capital Management L.L.C. now owns 2,107,821 shares of the transportation company’s stock worth $44,559,000 after acquiring an additional 516,887 shares in the last quarter. Capital Growth Management LP grew its holdings in Gol Transportes A?reos by 235.0% during the 4th quarter. Capital Growth Management LP now owns 670,000 shares of the transportation company’s stock worth $5,869,000 after acquiring an additional 470,000 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in Gol Transportes A?reos during the 4th quarter worth $4,096,000. 0.97% of the stock is owned by institutional investors.

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Gol Transportes A?reos Company Profile

GOL Linhas AĆ©reas Inteligentes SA provides airline services in Brazil and internationally. It carries passengers to 53 destinations in Brazil, and 11 destinations in South America and the Caribbean on a fleet of 120 Boeing 737 aircraft. The company also offers cargo transportation and logistics services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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