StockNews.com initiated coverage on shares of Gol Linhas Aéreas Inteligentes (NYSE:GOL – Free Report) in a research note published on Wednesday morning. The brokerage issued a hold rating on the transportation company’s stock.
A number of other brokerages have also issued reports on GOL. Deutsche Bank Aktiengesellschaft lowered shares of Gol Linhas Aéreas Inteligentes from a hold rating to a sell rating in a research report on Tuesday, December 12th. The Goldman Sachs Group decreased their price target on shares of Gol Linhas Aéreas Inteligentes from $3.10 to $2.65 and set a neutral rating on the stock in a report on Monday, October 30th. Citigroup lowered shares of Gol Linhas Aéreas Inteligentes from a neutral rating to a sell rating and decreased their price target for the company from $3.30 to $3.00 in a report on Wednesday, November 29th. HSBC lowered shares of Gol Linhas Aéreas Inteligentes from a hold rating to a reduce rating in a report on Tuesday, January 30th. Finally, Seaport Res Ptn lowered shares of Gol Linhas Aéreas Inteligentes from a buy rating to a neutral rating in a report on Tuesday, November 7th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $4.04.
Gol Linhas Aéreas Inteligentes Stock Performance
Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Free Report) last issued its quarterly earnings data on Monday, November 6th. The transportation company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.29). The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $974.37 million. On average, equities analysts expect that Gol Linhas Aéreas Inteligentes will post -0.05 earnings per share for the current year.
Gol Linhas Aéreas Inteligentes Increases Dividend
The company also recently declared a — dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 21st were paid a dividend of $0.0115 per share. This is an increase from Gol Linhas Aéreas Inteligentes’s previous — dividend of $0.00. The ex-dividend date was Monday, November 20th.
Institutional Investors Weigh In On Gol Linhas Aéreas Inteligentes
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOL. Creative Planning purchased a new stake in Gol Linhas Aéreas Inteligentes during the 4th quarter worth $33,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Gol Linhas Aéreas Inteligentes by 46.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,236 shares of the transportation company’s stock worth $42,000 after purchasing an additional 4,848 shares during the last quarter. Signaturefd LLC increased its position in shares of Gol Linhas Aéreas Inteligentes by 42.7% in the 3rd quarter. Signaturefd LLC now owns 17,101 shares of the transportation company’s stock worth $47,000 after purchasing an additional 5,119 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Gol Linhas Aéreas Inteligentes in the 4th quarter worth about $50,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Gol Linhas Aéreas Inteligentes in the 2nd quarter worth about $83,000. Hedge funds and other institutional investors own 0.29% of the company’s stock.
About Gol Linhas Aéreas Inteligentes
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 and internationally. The company offers Smiles, a frequent-flyer programs to approximately 20.5 million members, allowing clients to accumulate and redeem miles.
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