Shares of Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $8.35.
GOL has been the subject of several analyst reports. Zacks Investment Research raised shares of Gol Linhas Aéreas Inteligentes from a “strong sell” rating to a “hold” rating and set a $6.75 price target for the company in a research note on Monday, August 2nd. HSBC raised shares of Gol Linhas Aéreas Inteligentes from a “hold” rating to a “buy” rating in a research report on Tuesday, September 21st. Bank of America downgraded shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $9.10 to $8.10 in a report on Monday, September 13th. Finally, Credit Suisse Group lowered shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 31st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its position in Gol Linhas Aéreas Inteligentes by 13.6% in the first quarter. Lazard Asset Management LLC now owns 417,284 shares of the transportation company’s stock valued at $3,192,000 after purchasing an additional 49,953 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of Gol Linhas Aéreas Inteligentes during the second quarter valued at approximately $289,000. Flow Traders U.S. LLC bought a new stake in Gol Linhas Aéreas Inteligentes during the first quarter worth $124,000. Credit Suisse AG bought a new stake in shares of Gol Linhas Aéreas Inteligentes in the first quarter valued at $192,000. Finally, Northern Trust Corp raised its stake in shares of Gol Linhas Aéreas Inteligentes by 0.8% during the 1st quarter. Northern Trust Corp now owns 665,804 shares of the transportation company’s stock valued at $5,094,000 after purchasing an additional 5,277 shares during the period. 2.12% of the stock is currently owned by institutional investors.
Gol Linhas Aéreas Inteligentes (NYSE:GOL) last released its quarterly earnings results on Thursday, July 29th. The transportation company reported ($1.15) earnings per share for the quarter, topping the consensus estimate of ($1.22) by $0.07. The company had revenue of $194.13 million for the quarter, compared to analyst estimates of $188.22 million. As a group, research analysts anticipate that Gol Linhas Aéreas Inteligentes will post -3.15 EPS for the current fiscal year.
Gol Linhas Aéreas Inteligentes Company Profile
GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation for passengers and cargo throughout Brazil and across Latin America. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment through GLA, for the provision of air passenger transportation services and the main revenue-generating assets are its aircraft.
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