Gol Linhas Aereas Inteligentes (GOL) Trading 4.6% Higher

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares traded up 4.6% on Tuesday . The company traded as high as $12.35 and last traded at $12.84. 55,608 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,267,619 shares. The stock had previously closed at $12.27.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.01.

The firm has a market capitalization of $2.15 billion, a P/E ratio of -93.14 and a beta of -0.23.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). The business had revenue of $851.99 million for the quarter, compared to the consensus estimate of $841.76 million. As a group, equities research analysts predict that Gol Linhas Aereas Inteligentes SA will post 0.98 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of GOL. US Bancorp DE acquired a new position in shares of Gol Linhas Aereas Inteligentes in the 1st quarter valued at $47,000. Quantamental Technologies LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes in the 1st quarter valued at $63,000. Advisor Group Inc. boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 516.2% in the 1st quarter. Advisor Group Inc. now owns 11,202 shares of the transportation company’s stock valued at $146,000 after buying an additional 9,384 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 7.2% in the 4th quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock valued at $150,000 after buying an additional 779 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Gol Linhas Aereas Inteligentes in the 1st quarter valued at $191,000. Institutional investors own 3.55% of the company’s stock.

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About Gol Linhas Aereas Inteligentes (NYSE:GOL)

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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