Gol Linhas Aereas Inteligentes (GOL) Reaches New 52-Week Low at $5.00

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Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) reached a new 52-week low on Tuesday . The stock traded as low as $5.00 and last traded at $4.98, with a volume of 34536 shares traded. The stock had previously closed at $5.23.

GOL has been the subject of several recent research reports. ValuEngine downgraded shares of Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. Buckingham Research lowered their price target on shares of Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, June 13th. Citigroup raised shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, Goldman Sachs Group initiated coverage on shares of Gol Linhas Aereas Inteligentes in a research note on Monday, July 16th. They issued a “neutral” rating and a $6.02 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.26.

The company has a debt-to-equity ratio of -1.54, a quick ratio of 0.45 and a current ratio of 0.48. The company has a market capitalization of $957.72 million, a price-to-earnings ratio of 18.00 and a beta of 1.96.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.18). The business had revenue of $656.02 million during the quarter. Gol Linhas Aereas Inteligentes had a negative return on equity of 4.28% and a negative net margin of 6.53%. equities analysts anticipate that Gol Linhas Aereas Inteligentes SA will post 0.18 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the second quarter valued at about $111,000. Macquarie Group Ltd. raised its stake 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 acquiring an additional 49,900 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the second quarter valued at about $107,000. Renaissance Technologies LLC raised its stake 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 acquiring an additional 225,043 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 184,442 shares during the last quarter. 0.58% of the stock is owned by institutional investors and hedge funds.

Gol Linhas Aereas Inteligentes Company Profile (NYSE:GOL)

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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