Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.17, but opened at $8.61. Gol Linhas Aereas Inteligentes shares last traded at $8.92, with a volume of 148494 shares.

GOL has been the subject of a number of recent research reports. ValuEngine downgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Goldman Sachs Group initiated coverage on shares of Gol Linhas Aereas Inteligentes in a research note on Monday, July 16th. They set a “neutral” rating and a $6.02 price objective for the company. Finally, Citigroup upgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $7.88.

The company has a debt-to-equity ratio of -1.54, a quick ratio of 0.45 and a current ratio of 0.48. The firm has a market cap of $947.31 million, a PE ratio of 31.07 and a beta of 1.84.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last issued its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.18). The firm had revenue of $656.02 million during the quarter. Gol Linhas Aereas Inteligentes had a negative net margin of 6.53% and a negative return on equity of 12.57%. On average, equities analysts predict that Gol Linhas Aereas Inteligentes SA will post 0.14 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. A.R.T. Advisors LLC bought a new stake in shares of Gol Linhas Aereas Inteligentes in the 1st quarter valued at about $226,000. Cubist Systematic Strategies LLC bought a new position in Gol Linhas Aereas Inteligentes in the 2nd quarter valued at about $107,000. Jane Street Group LLC bought a new position in Gol Linhas Aereas Inteligentes in the 2nd quarter valued at about $111,000. Dimensional Fund Advisors LP raised its holdings in Gol Linhas Aereas Inteligentes by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 572,816 shares of the transportation company’s stock valued at $7,441,000 after acquiring an additional 36,275 shares during the period. Finally, CIBC World Markets Inc. bought a new position in Gol Linhas Aereas Inteligentes in the 1st quarter valued at about $538,000. 0.58% of the stock is currently owned by institutional investors.

About Gol Linhas Aereas Inteligentes (NYSE:GOL)

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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