Gol Linhas Aereas Inteligentes (GOL) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a strong sell rating to a sell rating in a research note issued to investors on Sunday morning.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Gol Linhas Aereas Inteligentes from a hold rating to a buy rating and set a $5.50 price target for the company in a report on Tuesday, September 18th. Citigroup raised shares of Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $10.00 price target for the company in a report on Wednesday, July 25th. Goldman Sachs Group began coverage on shares of Gol Linhas Aereas Inteligentes in a report on Monday, July 16th. They set a neutral rating and a $6.02 price target for the company. Finally, Buckingham Research cut their price target on shares of Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a buy rating for the company in a report on Wednesday, June 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $7.88.

Shares of NYSE:GOL opened at $5.30 on Friday. Gol Linhas Aereas Inteligentes has a one year low of $4.43 and a one year high of $14.48. The company has a debt-to-equity ratio of -1.54, a current ratio of 0.48 and a quick ratio of 0.45. The stock has a market capitalization of $982.01 million, a PE ratio of 19.63 and a beta of 1.98.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.18). The business 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 4.28%. sell-side analysts predict that Gol Linhas Aereas Inteligentes will post 0.18 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOL. Cubist Systematic Strategies LLC purchased a new position in Gol Linhas Aereas Inteligentes during the second quarter worth about $107,000. Jane Street Group LLC purchased a new position in Gol Linhas Aereas Inteligentes during the second quarter worth about $111,000. A.R.T. Advisors LLC purchased a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $226,000. CIBC World Markets Inc. purchased a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $538,000. Finally, PNC Financial Services Group Inc. purchased a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $794,000. 0.58% of the stock is owned by hedge funds and other institutional investors.

About Gol Linhas Aereas Inteligentes

GOL Linhas Aéreas 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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