Recent Analysts’ Ratings Updates for Gol Linhas Aereas Inteligentes (GOL)

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A number of firms have modified their ratings and price targets on shares of Gol Linhas Aereas Inteligentes (NYSE: GOL) recently:

  • 10/18/2018 – Gol Linhas Aereas Inteligentes had its price target raised by analysts at Buckingham Research from $10.00 to $13.00. They now have a “buy” rating on the stock.
  • 10/17/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/16/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating.
  • 10/15/2018 – Gol Linhas Aereas Inteligentes was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Gol Linhas have declined more than 19% in a year. High operating costs are a cause for concern. With uptrending oil prices, the company raised fuel costs view for 2018 to R$2.9 compared with R$2.5, expected earlier. The company's outlook for 2018 is also discouraging. Additionally, the company's expectations for third-quarter operating margin is disapppointing. It anticipates operating margin between 5% and 5.5% in the quarter, down approximately 7 percentage points on a year-over-year basis. Results will be available on Nov 1. The negativity revolving around the stock is evident from the Zacks Consensus Estimate for third-quarter earnings being revised 20% downward in the last 60 days. However, the company's focus on capacity discipline and revenue management is encouraging. In this regard, the company's unit revenue projections for the third quarter is encouraging.”
  • 10/2/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/27/2018 – Gol Linhas Aereas Inteligentes was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gol Linhas' focus on capacity discipline and revenue management is encouraging. In this regard, the company's unit revenue performance is noteworthy. Passenger revenues are also uptrending driven by solid demand for air travel. The carrier's efforts to modernize its fleet also raise optimism in the stock. The decision of the Brazilian lower house to remove restrictions on entire foreign ownership on their carriers is a another positive for GOL. However, high operating costs are a cause for concern. With uptrending oil prices, the company raised fuel costs view for 2018 to R$2.9 compared with R$2.5, expected earlier. The company's outlook for 2018 is also discouraging. Moreover, shares of the company have declined 31.5% in a year's time.”
  • 9/23/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/18/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.50 price target on the stock. According to Zacks, “Gol Linhas' focus on capacity discipline and revenue management is encouraging. In this regard, the company's unit revenue performance is noteworthy. Passenger revenues are also uptrending driven by solid demand for air travel owing to improvement in the Latin American economy. The carrier's efforts to modernize its fleet also raise optimism in the stock. The decision of the Brazilian lower house to remove restrictions on entire foreign ownership on their carriers is a another positive for GOL. With the likelihood of additional foreign ownership, GOL might be able to increase its marketing muscle, which in turn might generate more revenues. The positivity surrounding the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised 38.5% upward in 60 days. However, high operating costs are a cause for concern. Moreover, shares of the company have declined 44.2% in a year.”
  • 9/17/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 9/11/2018 – Gol Linhas Aereas Inteligentes was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/4/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 8/21/2018 – Gol Linhas Aereas Inteligentes was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Gol Linhas' focus on capacity discipline and revenue management is encouraging. In fact, the company's performance on the unit revenue front in the second quarter is impressive. Passenger unit revenues expanded 8% while total unit revenues climbed 6.7%. Additionally, passenger revenues rose 10.3% on the back of solid demand for air travel. The carrier's efforts to reduce debt levels and modernize its fleet are also noteworthy. However, rising fuel prices and depreciation of the Brazilian currency are headwinds going forward. The company's results in the second-quarter were affected by the same. Apart from fuel costs, expenses on the labor front may also hurt the bottom line. The company's outlook for 2018 is also discouraging. Due to these headwinds, shares of the company have declined 29.6% so far this year.”
  • 8/20/2018 – Gol Linhas Aereas Inteligentes was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

GOL stock traded up $0.29 during midday trading on Friday, hitting $8.90. The stock had a trading volume of 20,951 shares, compared to its average volume of 1,311,127. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 32.96 and a beta of 1.84. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of -1.54. Gol Linhas Aereas Inteligentes SA has a 1-year low of $4.43 and a 1-year high of $14.48.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last released its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.18). The firm had revenue of $656.02 million during the quarter. Gol Linhas Aereas Inteligentes had a negative net margin of 6.53% and a negative return on equity of 12.57%. Research analysts expect that Gol Linhas Aereas Inteligentes SA will post 0.14 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in GOL. Renaissance Technologies LLC raised its holdings in shares of Gol Linhas Aereas Inteligentes by 7.2% during the second quarter. Renaissance Technologies LLC now owns 3,366,798 shares of the transportation company’s stock valued at $17,979,000 after purchasing an additional 225,043 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Gol Linhas Aereas Inteligentes by 1.8% during the second quarter. Macquarie Group Ltd. now owns 2,848,220 shares of the transportation company’s stock valued at $15,210,000 after purchasing an additional 49,900 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Gol Linhas Aereas Inteligentes by 32.2% during the second quarter. Dimensional Fund Advisors LP now owns 757,258 shares of the transportation company’s stock valued at $4,049,000 after purchasing an additional 184,442 shares during the period. Millennium Management LLC raised its holdings in shares of Gol Linhas Aereas Inteligentes by 138.3% during the first quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock valued at $7,936,000 after purchasing an additional 354,588 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at about $794,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles.

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