Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Receives $4.77 Average Target Price from Analysts

Posted by Defense World Staff on Jun 15th, 2023

Shares of Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Rating) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.77.

Several research analysts have recently issued reports on GOL shares. The Goldman Sachs Group cut their price target on Gol Linhas Aéreas Inteligentes from $5.60 to $4.80 and set a “buy” rating for the company in a research note on Wednesday, April 5th. UBS Group upgraded Gol Linhas Aéreas Inteligentes from a “sell” rating to a “neutral” rating in a report on Monday, March 20th. StockNews.com initiated coverage on Gol Linhas Aéreas Inteligentes in a research note on Thursday, May 18th. They set a “buy” rating for the company. HSBC lowered Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Bank of America initiated coverage on Gol Linhas Aéreas Inteligentes in a research note on Wednesday, March 15th. They issued an “underperform” rating for the company.

Hedge Funds Weigh In On Gol Linhas Aéreas Inteligentes

Several hedge funds and other institutional investors have recently modified their holdings of GOL. SG Americas Securities LLC acquired a new position in Gol Linhas Aéreas Inteligentes in the first quarter valued at about $70,000. Jump Financial LLC acquired a new stake in Gol Linhas Aéreas Inteligentes during the 1st quarter worth approximately $173,000. Caprock Group LLC bought a new position in Gol Linhas Aéreas Inteligentes during the 1st quarter worth $58,000. Quadrant Capital Group LLC increased its stake in Gol Linhas Aéreas Inteligentes by 535.2% during the 4th quarter. Quadrant Capital Group LLC now owns 11,929 shares of the transportation company’s stock worth $32,000 after acquiring an additional 10,051 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Gol Linhas Aéreas Inteligentes by 8.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,286 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 7,103 shares during the last quarter. Institutional investors own 0.81% of the company’s stock.

Gol Linhas Aéreas Inteligentes Stock Performance

NYSE GOL opened at $4.59 on Monday. The firm has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $2.85. The firm has a market cap of $960.82 million, a price-to-earnings ratio of -1.44 and a beta of 1.19. Gol Linhas Aéreas Inteligentes has a one year low of $2.00 and a one year high of $4.76.

Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) last announced its earnings results on Wednesday, April 26th. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $947.13 million for the quarter, compared to analyst estimates of $957.08 million. Equities analysts predict that Gol Linhas Aéreas Inteligentes will post 0.2 EPS for the current fiscal year.

About Gol Linhas Aéreas Inteligentes

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GOL Linhas Aereas Inteligentes SA engages in the provision of air transportation for passengers and cargo. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment includes services for regular and non-scheduled national and international passengers, cargo, and mail bags.