Gol Linhas Aéreas Inteligentes (NYSE:GOL) Shares Down 5.5%

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL)’s share price was down 5.5% on Friday . The company traded as low as $8.19 and last traded at $8.21. Approximately 1,919,597 shares traded hands during trading, an increase of 3% from the average daily volume of 1,868,729 shares. The stock had previously closed at $8.69.

A number of research analysts have recently weighed in on GOL shares. Raymond James upgraded Gol Linhas Aéreas Inteligentes from a “market perform” rating to an “outperform” rating and set a $9.00 price objective for the company in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft upgraded Gol Linhas Aéreas Inteligentes from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, September 9th. Zacks Investment Research upgraded Gol Linhas Aéreas Inteligentes from a “strong sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Monday, September 28th. Seaport Global Securities upgraded Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, October 13th. Finally, ValuEngine upgraded Gol Linhas Aéreas Inteligentes from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.04.

The company has a market cap of $1.46 billion, a PE ratio of -1.30 and a beta of 0.89. The company has a 50-day moving average of $6.77 and a 200 day moving average of $6.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its stake in Gol Linhas Aéreas Inteligentes by 102.4% in the third quarter. US Bancorp DE now owns 4,712 shares of the transportation company’s stock worth $29,000 after purchasing an additional 2,384 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in Gol Linhas Aéreas Inteligentes by 85.7% in the second quarter. Advisor Group Holdings Inc. now owns 7,015 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 3,238 shares during the last quarter. Leap Investments LP purchased a new stake in Gol Linhas Aéreas Inteligentes in the second quarter valued at $85,000. JustInvest LLC purchased a new stake in Gol Linhas Aéreas Inteligentes in the second quarter valued at $135,000. Finally, Deltec Asset Management LLC boosted its holdings in Gol Linhas Aéreas Inteligentes by 105.3% in the second quarter. Deltec Asset Management LLC now owns 39,000 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 20,000 shares during the last quarter. 0.96% of the stock is owned by institutional investors and hedge funds.

About Gol Linhas Aéreas Inteligentes (NYSE:GOL)

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil, 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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