Gol Linhas Aereas Inteligentes (GOL) Upgraded at ValuEngine

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ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other research firms have also weighed in on GOL. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes from a hold rating to a sell rating in a research note on Wednesday, July 11th. Goldman Sachs Group started coverage on Gol Linhas Aereas Inteligentes in a research note on Monday, July 16th. They issued a neutral rating and a $6.02 target price on the stock. Citigroup upgraded Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $10.00 target price on the stock in a research note on Wednesday, July 25th. Finally, HSBC upgraded Gol Linhas Aereas Inteligentes from a hold rating to a buy rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $8.63.

NYSE:GOL opened at $8.72 on Wednesday. The company has a debt-to-equity ratio of -1.54, a quick ratio of 0.45 and a current ratio of 0.48. Gol Linhas Aereas Inteligentes has a fifty-two week low of $4.43 and a fifty-two week high of $14.48. The firm has a market cap of $1.49 billion, a P/E ratio of 32.30 and a beta of 1.84.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last released its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.18). Gol Linhas Aereas Inteligentes had a negative return on equity of 12.57% and a negative net margin of 6.53%. The business had revenue of $656.02 million during the quarter. Sell-side analysts forecast that Gol Linhas Aereas Inteligentes will post 0.14 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Deltec Asset Management LLC increased its stake in Gol Linhas Aereas Inteligentes by 62.5% in the third quarter. Deltec Asset Management LLC now owns 19,500 shares of the transportation company’s stock worth $106,000 after purchasing an additional 7,500 shares during the period. A.R.T. Advisors LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the 1st quarter worth $226,000. Cubist Systematic Strategies LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the 2nd quarter worth $107,000. Jane Street Group LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the 2nd quarter worth $111,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Gol Linhas Aereas Inteligentes by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 572,816 shares of the transportation company’s stock worth $7,441,000 after buying an additional 36,275 shares in the last quarter. Institutional investors and hedge funds own 0.58% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

GOL Linhas AĆ©reas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles.

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

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