Gol Linhas Aéreas Inteligentes (NYSE:GOL) Lowered to “Underperform” at Bank of America

Gol Linhas Aéreas Inteligentes (NYSE:GOL) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, Price Targets.com reports. They currently have a $8.10 target price on the transportation company’s stock, down from their previous target price of $9.10. Bank of America‘s price target suggests a potential upside of 10.66% from the company’s previous close.

GOL has been the topic of a number of other reports. Zacks Investment Research raised Gol Linhas Aéreas Inteligentes from a “strong sell” rating to a “hold” rating and set a $6.75 price target on the stock in a research report on Monday, August 2nd. HSBC boosted their target price on shares of Gol Linhas Aéreas Inteligentes from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, June 14th. Finally, Credit Suisse Group lowered Gol Linhas Aéreas Inteligentes from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 31st. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Gol Linhas Aéreas Inteligentes has an average rating of “Hold” and a consensus price target of $10.76.

Gol Linhas Aéreas Inteligentes stock opened at $7.32 on Monday. The stock’s 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $8.47. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -1.98 and a beta of 1.04. Gol Linhas Aéreas Inteligentes has a fifty-two week low of $5.36 and a fifty-two week high of $11.43.

Gol Linhas Aéreas Inteligentes (NYSE:GOL) last issued its quarterly earnings results on Thursday, July 29th. The transportation company reported ($1.15) EPS for the quarter, topping analysts’ consensus estimates of ($1.22) by $0.07. The company had revenue of $194.13 million during the quarter, compared to the consensus estimate of $188.22 million. As a group, equities analysts forecast that Gol Linhas Aéreas Inteligentes will post -2.98 EPS for the current year.

A number of institutional investors have recently modified their holdings of GOL. Advisor Group Holdings Inc. boosted its holdings in Gol Linhas Aéreas Inteligentes by 24.2% in the 2nd quarter. Advisor Group Holdings Inc. now owns 6,704 shares of the transportation company’s stock worth $62,000 after buying an additional 1,308 shares during the period. Royal Bank of Canada boosted its holdings in Gol Linhas Aéreas Inteligentes by 1,306.5% in the 1st quarter. Royal Bank of Canada now owns 8,242 shares of the transportation company’s stock worth $63,000 after buying an additional 7,656 shares during the period. Citigroup Inc. boosted its holdings in shares of Gol Linhas Aéreas Inteligentes by 238.4% during the 1st quarter. Citigroup Inc. now owns 8,466 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 5,964 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Gol Linhas Aéreas Inteligentes during the 1st quarter valued at about $124,000. Finally, Shay Capital LLC bought a new position in shares of Gol Linhas Aéreas Inteligentes during the 2nd quarter valued at about $138,000. 2.12% of the stock is owned by institutional investors.

Gol Linhas Aéreas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation for passengers and cargo throughout Brazil and across Latin America. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment through GLA, for the provision of air passenger transportation services and the main revenue-generating assets are its aircraft.

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Analyst Recommendations for Gol Linhas Aéreas Inteligentes (NYSE:GOL)

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