Gol Linhas Aereas Inteligentes (GOL) Stock Price Down 6.9%

Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s share price traded down 6.9% on Monday . The company traded as low as $11.82 and last traded at $11.92. 1,104,559 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 944,092 shares. The stock had previously closed at $12.81.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, March 13th. UBS Group lowered shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a research report on Thursday, January 17th. Finally, ValuEngine lowered shares of Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.01.

The stock has a market capitalization of $2.09 billion, a P/E ratio of -80.29 and a beta of -0.23.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last issued its quarterly earnings results on Thursday, February 28th. The transportation company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $840.84 million for the quarter. On average, research analysts predict that Gol Linhas Aereas Inteligentes SA will post 0.98 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Gol Linhas Aereas Inteligentes by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 129,362 shares of the transportation company’s stock worth $1,753,000 after purchasing an additional 1,121 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter worth approximately $1,788,000. Barclays PLC increased its position in Gol Linhas Aereas Inteligentes by 495,354.5% during the fourth quarter. Barclays PLC now owns 54,500 shares of the transportation company’s stock worth $738,000 after purchasing an additional 54,489 shares during the last quarter. Two Sigma Advisers LP increased its position in Gol Linhas Aereas Inteligentes by 73.4% during the fourth quarter. Two Sigma Advisers LP now owns 78,900 shares of the transportation company’s stock worth $1,069,000 after purchasing an additional 33,400 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Gol Linhas Aereas Inteligentes during the fourth quarter worth approximately $893,000. 2.23% of the stock is owned by hedge funds and other institutional investors.

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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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