Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.65, but opened at $2.74. Gol Linhas Aéreas Inteligentes shares last traded at $2.76, with a volume of 62,060 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Citigroup lowered shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating and set a $4.20 target price on the stock. in a research report on Tuesday, August 15th. The Goldman Sachs Group cut Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating and upped their target price for the stock from $4.80 to $5.65 in a report on Monday, July 10th. Barclays raised their price target on Gol Linhas Aéreas Inteligentes from $3.50 to $5.50 in a research note on Monday, July 10th. StockNews.com initiated coverage on shares of Gol Linhas Aéreas Inteligentes in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Gol Linhas Aéreas Inteligentes presently has a consensus rating of “Hold” and a consensus price target of $5.09.
Get Our Latest Analysis on GOL
Gol Linhas Aéreas Inteligentes Trading Up 5.7 %
Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Free Report) last posted its earnings results on Thursday, July 27th. The transportation company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.30). The business had revenue of $837.71 million during the quarter, compared to the consensus estimate of $842.72 million. As a group, research analysts expect that Gol Linhas Aéreas Inteligentes S.A. will post 0.1 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Gol Linhas Aéreas Inteligentes during the second quarter worth $47,000. Vanguard Personalized Indexing Management LLC purchased a new position in Gol Linhas Aéreas Inteligentes during the 2nd quarter worth $57,000. AE Wealth Management LLC acquired a new position in Gol Linhas Aéreas Inteligentes during the 2nd quarter valued at about $60,000. Quadrant Capital Group LLC raised its stake in Gol Linhas Aéreas Inteligentes by 535.2% in the fourth quarter. Quadrant Capital Group LLC now owns 11,929 shares of the transportation company’s stock valued at $32,000 after buying an additional 10,051 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Gol Linhas Aéreas Inteligentes in the first quarter valued at about $87,000. Institutional investors own 0.29% of the company’s stock.
About Gol Linhas Aéreas Inteligentes
GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil and internationally. The company offers Smiles, a frequent-flyer programs to approximately 20.5 million members, allowing clients to accumulate and redeem miles.
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