Gol Linhas Aereas Inteligentes (GOL) Stock Price Up 15.7%

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) rose 15.7% during trading on Tuesday . The stock traded as high as $8.61 and last traded at $8.61. Approximately 2,190,275 shares were traded during mid-day trading, an increase of 238% from the average daily volume of 647,645 shares. The stock had previously closed at $7.44.

GOL has been the topic of several analyst reports. ValuEngine downgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Goldman Sachs Group initiated coverage on Gol Linhas Aereas Inteligentes in a report on Monday, July 16th. They issued a “neutral” rating and a $6.02 target price on the stock. Finally, Citigroup raised Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $7.88.

The firm has a market cap of $947.31 million, a PE ratio of 32.52 and a beta of 1.84. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of -1.54.

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

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Gol Linhas Aereas Inteligentes by 6.8% in the first 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. PNC Financial Services Group Inc. bought a new position in Gol Linhas Aereas Inteligentes in the first quarter valued at about $794,000. A.R.T. Advisors LLC bought a new position in Gol Linhas Aereas Inteligentes in the first quarter valued at about $226,000. Millennium Management LLC lifted its holdings in Gol Linhas Aereas Inteligentes by 138.3% in the first quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock valued at $7,936,000 after acquiring an additional 354,588 shares during the period. Finally, CIBC World Markets Inc. bought a new position in Gol Linhas Aereas Inteligentes in the first quarter valued at about $538,000. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

About Gol Linhas Aereas Inteligentes (NYSE:GOL)

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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