Gol Linhas Aereas Inteligentes (NYSE:GOL) Shares Gap Down to $6.92

Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.06, but opened at $6.92. Gol Linhas Aereas Inteligentes shares last traded at $6.92, with a volume of 1,667,900 shares.

A number of research firms recently commented on GOL. Bank of America began coverage on shares of Gol Linhas Aereas Inteligentes in a report on Thursday, May 28th. They issued a “neutral” rating on the stock. Goldman Sachs Group lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 8th. Deutsche Bank lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $23.00 to $5.00 in a research note on Tuesday, March 17th. ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley lowered shares of Gol Linhas Aereas Inteligentes from an “overweight” rating to an “equal weight” rating and set a $5.30 price objective for the company. in a research note on Friday, April 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.02.

The business’s 50-day moving average price is $5.86 and its 200 day moving average price is $10.08. The stock has a market capitalization of $1.19 billion, a PE ratio of -2.25 and a beta of 0.97.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last released its quarterly earnings results on Monday, May 4th. The transportation company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $710.87 million during the quarter. Gol Linhas Aereas Inteligentes had a negative net margin of 16.07% and a negative return on equity of 10.77%. Sell-side analysts anticipate that Gol Linhas Aereas Inteligentes SA will post -0.6 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GOL. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Gol Linhas Aereas Inteligentes during the 1st quarter valued at $968,000. State Street Corp lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 38.9% during the 4th quarter. State Street Corp now owns 14,902 shares of the transportation company’s stock worth $269,000 after acquiring an additional 4,170 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Gol Linhas Aereas Inteligentes during the 4th quarter worth $310,000. Wrapmanager Inc. bought a new stake in shares of Gol Linhas Aereas Inteligentes during the 4th quarter worth $181,000. Finally, Credit Agricole S A lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 7.0% during the 4th quarter. Credit Agricole S A now owns 163,709 shares of the transportation company’s stock worth $2,958,000 after acquiring an additional 10,703 shares during the last quarter. Hedge funds and other institutional investors own 2.70% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile (NYSE:GOL)

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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