Gol Linhas Aereas Inteligentes (GOL) PT Raised to $13.00

Gol Linhas Aereas Inteligentes (NYSE:GOL) had its price target raised by research analysts at Buckingham Research from $10.00 to $13.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the transportation company’s stock. Buckingham Research’s price target would suggest a potential upside of 49.08% from the company’s current price.

GOL has been the subject of a number of other reports. ValuEngine upgraded Gol Linhas Aereas Inteligentes from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. HSBC upgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup upgraded 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. Finally, Goldman Sachs Group assumed coverage on 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $8.63.

Shares of Gol Linhas Aereas Inteligentes stock opened at $8.72 on Thursday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 32.30 and a beta of 1.84. The company has a debt-to-equity ratio of -1.54, a current ratio of 0.48 and a quick ratio of 0.45. Gol Linhas Aereas Inteligentes has a 12-month low of $4.43 and a 12-month high of $14.48.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its 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 company had revenue of $656.02 million for the quarter. Gol Linhas Aereas Inteligentes had a negative return on equity of 12.57% and a negative net margin of 6.53%. As a group, equities analysts predict that Gol Linhas Aereas Inteligentes will post 0.14 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Deltec Asset Management LLC lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 62.5% during the third quarter. Deltec Asset Management LLC now owns 19,500 shares of the transportation company’s stock worth $106,000 after buying an additional 7,500 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes in the second quarter valued at $107,000. Jane Street Group LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes in the second quarter valued at $111,000. A.R.T. Advisors LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes in the first quarter valued at $226,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Gol Linhas Aereas Inteligentes in the first quarter valued at $538,000. Institutional investors own 0.58% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

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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