Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Receives $8.59 Consensus Target Price from Analysts

Shares of Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) have earned an average rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.35.

Several analysts recently weighed in on GOL shares. HSBC raised Gol Linhas Aéreas Inteligentes from a “hold” rating to a “buy” rating in a research note on Tuesday, September 21st. Zacks Investment Research upgraded Gol Linhas Aéreas Inteligentes from a “strong sell” rating to a “hold” rating and set a $6.75 target price for the company in a research report on Monday, August 2nd. Bank of America downgraded Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $9.10 to $8.10 in a research report on Monday, September 13th. Finally, Credit Suisse Group downgraded Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 31st.

Shares of Gol Linhas Aéreas Inteligentes stock traded up $0.02 on Monday, reaching $7.30. 4,150 shares of the company were exchanged, compared to its average volume of 1,360,668. Gol Linhas Aéreas Inteligentes has a one year low of $5.36 and a one year high of $11.43. The company has a 50-day moving average of $7.45 and a 200 day moving average of $8.46.

Gol Linhas Aéreas Inteligentes (NYSE:GOL) last released its earnings results on Thursday, July 29th. The transportation company reported ($1.15) earnings per share (EPS) 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. On average, sell-side analysts expect that Gol Linhas Aéreas Inteligentes will post -3.15 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its position in Gol Linhas Aéreas Inteligentes by 24.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 6,704 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 1,308 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Gol Linhas Aéreas Inteligentes by 1,306.5% in the 1st quarter. Royal Bank of Canada now owns 8,242 shares of the transportation company’s stock worth $63,000 after buying an additional 7,656 shares during the last quarter. Citigroup Inc. boosted its stake in Gol Linhas Aéreas Inteligentes by 238.4% during the 1st quarter. Citigroup Inc. now owns 8,466 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 5,964 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Gol Linhas Aéreas Inteligentes during the 1st quarter valued at $124,000. Finally, Shay Capital LLC purchased a new stake in Gol Linhas Aéreas Inteligentes during the 2nd quarter valued at $138,000. Institutional investors own 2.12% of the company’s stock.

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

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