Gol Linhas Aereas Inteligentes (NYSE:GOL) Downgraded by Buckingham Research

Buckingham Research cut shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, 24/7 WallStreet reports. The firm currently has $19.00 target price on the transportation company’s stock, down from their previous target price of $27.00.

Several other research firms have also recently commented on GOL. ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a research report on Saturday, May 4th. Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes from an equal weight rating to an overweight rating and increased their price objective for the company from $14.50 to $18.00 in a report on Monday, June 10th. Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a report on Monday, April 29th. Finally, Goldman Sachs Group cut shares of Gol Linhas Aereas Inteligentes from a buy rating to a neutral rating and set a $16.80 price objective for the company. in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $15.56.

NYSE GOL opened at $17.74 on Tuesday. Gol Linhas Aereas Inteligentes has a 52 week low of $4.43 and a 52 week high of $23.30. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -126.71 and a beta of -0.14. The company has a 50-day moving average price of $20.18 and a two-hundred day moving average price of $15.31.



Several institutional investors have recently bought and sold shares of the company. FDx Advisors Inc. lifted its stake in Gol Linhas Aereas Inteligentes by 5.6% during the second quarter. FDx Advisors Inc. now owns 14,579 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 776 shares during the last quarter. Jane Street Group LLC lifted its position in Gol Linhas Aereas Inteligentes by 7.2% in the 4th quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock worth $150,000 after buying an additional 779 shares in the last quarter. Bank of America Corp DE lifted its position in Gol Linhas Aereas Inteligentes by 7.6% in the 4th quarter. Bank of America Corp DE now owns 25,950 shares of the transportation company’s stock worth $351,000 after buying an additional 1,828 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Gol Linhas Aereas Inteligentes by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 762,247 shares of the transportation company’s stock worth $10,314,000 after buying an additional 2,589 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes during the 1st quarter worth $63,000. Institutional investors and hedge funds own 3.54% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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

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