Gol Linhas Aéreas Inteligentes (NYSE:GOL) Hits New 52-Week Low at $3.61

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating)’s share price hit a new 52-week low on Thursday . The stock traded as low as $3.61 and last traded at $3.63, with a volume of 49609 shares changing hands. The stock had previously closed at $4.00.

Several analysts have recently weighed in on the company. Seaport Res Ptn upgraded Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 26th. Barclays lifted their price target on Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 23rd. Finally, StockNews.com upgraded Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.55.

The firm has a market capitalization of $713.19 million, a price-to-earnings ratio of -1.95 and a beta of 0.94. The stock has a 50 day moving average of $5.94 and a 200 day moving average of $6.23.

Gol Linhas Aéreas Inteligentes (NYSE:GOLGet Rating) last posted its earnings results on Thursday, April 28th. The transportation company reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.04. The company had revenue of $616.19 million for the quarter, compared to the consensus estimate of $603.20 million. Sell-side analysts forecast that Gol Linhas Aéreas Inteligentes S.A. will post -0.34 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOL. Amundi Pioneer Asset Management Inc. acquired a new stake in Gol Linhas Aéreas Inteligentes in the first quarter worth approximately $968,000. Morgan Stanley lifted its position in Gol Linhas Aéreas Inteligentes by 48.8% in the second quarter. Morgan Stanley now owns 1,384,154 shares of the transportation company’s stock worth $12,762,000 after purchasing an additional 454,252 shares during the period. Credit Suisse AG lifted its position in shares of Gol Linhas Aéreas Inteligentes by 292.8% during the 3rd quarter. Credit Suisse AG now owns 104,816 shares of the transportation company’s stock valued at $800,000 after acquiring an additional 78,130 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Gol Linhas Aéreas Inteligentes during the 3rd quarter valued at $882,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Gol Linhas Aéreas Inteligentes during the 3rd quarter valued at $128,000. Hedge funds and other institutional investors own 1.81% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile (NYSE:GOL)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Gol Linhas Aéreas Inteligentes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aéreas Inteligentes and related companies with MarketBeat.com's FREE daily email newsletter.