Gol Linhas Aereas Inteligentes SA (NYSE:GOL) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.67.

A number of equities research analysts recently issued reports on GOL shares. Citigroup upgraded shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a research report on Wednesday, May 23rd. They noted that the move was a valuation call. ValuEngine cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. Buckingham Research dropped their target price on shares of Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 13th. Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Finally, Goldman Sachs Group started coverage on shares of Gol Linhas Aereas Inteligentes in a research report on Monday, July 16th. They set a “neutral” rating and a $6.02 target price for the company.

A number of large investors have recently modified their holdings of GOL. Millennium Management LLC grew its holdings in Gol Linhas Aereas Inteligentes by 138.3% during the 1st quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock worth $7,936,000 after acquiring an additional 354,588 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Gol Linhas Aereas Inteligentes by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 3,366,798 shares of the transportation company’s stock worth $17,979,000 after acquiring an additional 225,043 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gol Linhas Aereas Inteligentes by 32.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 757,258 shares of the transportation company’s stock worth $4,049,000 after acquiring an additional 184,442 shares during the last quarter. Contrarian Capital Management L.L.C. grew its holdings in Gol Linhas Aereas Inteligentes by 2.5% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 5,946,239 shares of the transportation company’s stock worth $77,242,000 after acquiring an additional 143,784 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in Gol Linhas Aereas Inteligentes by 45.1% during the 1st quarter. TCW Group Inc. now owns 223,850 shares of the transportation company’s stock worth $2,907,000 after acquiring an additional 69,600 shares during the last quarter. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gol Linhas Aereas Inteligentes stock traded up $0.05 during mid-day trading on Wednesday, reaching $4.54. 533,404 shares of the stock were exchanged, compared to its average volume of 790,892. The stock has a market capitalization of $815.45 million, a P/E ratio of 16.81 and a beta of 1.96. 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 has a fifty-two week low of $4.43 and a fifty-two week 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 firm had revenue of $656.02 million for the quarter. Gol Linhas Aereas Inteligentes had a negative return on equity of 4.28% and a negative net margin of 6.53%. equities analysts anticipate that Gol Linhas Aereas Inteligentes will post 0.18 earnings per share for the current year.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas 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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