Bank of America upgraded shares of Gol Transportes A�reos (NYSE:GOL) from a neutral rating to a buy rating in a research report sent to investors on Friday, MarketBeat Ratings reports.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Gol Transportes A�reos from a buy rating to a hold rating in a research report on Tuesday, February 6th. ValuEngine upgraded shares of Gol Transportes A�reos from a hold rating to a buy rating in a research report on Wednesday, February 14th. Finally, Buckingham Research restated a buy rating and set a $15.00 target price (up from $14.00) on shares of Gol Transportes A�reos in a research report on Thursday, March 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $19.67.
Shares of NYSE GOL opened at $14.11 on Friday. The company has a debt-to-equity ratio of -1.97, a current ratio of 0.58 and a quick ratio of 0.55. The company has a market cap of $2,448.08, a P/E ratio of 52.26 and a beta of 1.92. Gol Transportes A�reos has a 12-month low of $4.13 and a 12-month high of $14.44.
A number of large investors have recently modified their holdings of GOL. Vanguard Group Inc. lifted its holdings in Gol Transportes A�reos by 100.0% during the second quarter. Vanguard Group Inc. now owns 25,640 shares of the transportation company’s stock valued at $291,000 after purchasing an additional 12,820 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Gol Transportes A�reos by 437.6% during the third quarter. JPMorgan Chase & Co. now owns 38,173 shares of the transportation company’s stock valued at $759,000 after purchasing an additional 31,072 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Gol Transportes A�reos by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 205,108 shares of the transportation company’s stock valued at $4,331,000 after purchasing an additional 9,060 shares in the last quarter. Contrarian Capital Management L.L.C. lifted its holdings in Gol Transportes A�reos by 32.5% during the third quarter. Contrarian Capital Management L.L.C. now owns 2,107,821 shares of the transportation company’s stock valued at $44,559,000 after purchasing an additional 516,887 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new position in Gol Transportes A�reos during the third quarter valued at approximately $1,248,000. 0.97% of the stock is currently owned by institutional investors and hedge funds.
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Gol Transportes A�reos Company Profile
GOL Linhas Aéreas 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.
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