Gol Linhas Aereas Inteligentes (GOL) Boosted by Zacks Investment Research to “Purchase”

Gol Linhas Aereas Inteligentes (GOL) Boosted  by Zacks Investment Research to “Purchase”

According to Zacks, “GOL Linhas reported better-than-expected results in the fourth quarter of 2018. On the back of strong demand for air travel, passenger revenues increased 10.3% in the quarter. The company's focus on capacity discipline and revenue management is as well encouraging. Efforts to modernize its fleet and reduce debts also raise optimism in the stock. To improve efficiencies and check costs, Gol Linhas is constantly looking to replace  Boeing 737 Next Generation (NG) planes with Boeing 737 MAX-8 jets. The company's projection for 2019 and 2020 are also encouraging. For 2019, GOL Linhas has raised its operating margin forecast to 18% from 17% expected earlier. Meanwhile, the same for 2020 has been increased to  19% from 18%. However, as the carrier has international exposure, depreciation of Brazilian Real against the US Dollar pose a challenge to the company.”

Zacks Investment Research upgraded shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $16.00 price target on the transportation company’s stock.

GOL has been the topic of several other reports. HSBC downgraded Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a research note on Friday, November 30th. UBS Group downgraded Gol Linhas Aereas Inteligentes from a neutral rating to a sell rating in a research note on Thursday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Gol Linhas Aereas Inteligentes currently has a consensus rating of Buy and an average price target of $11.76.

Shares of GOL stock opened at $14.39 on Wednesday. Gol Linhas Aereas Inteligentes has a twelve month low of $4.43 and a twelve month high of $15.65. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -102.79 and a beta of -0.14.

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Gol Linhas Aereas Inteligentes by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,247 shares of the transportation company’s stock valued at $10,314,000 after buying an additional 2,589 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Gol Linhas Aereas Inteligentes in the fourth quarter valued at approximately $6,389,000. Van ECK Associates Corp boosted its stake in shares of Gol Linhas Aereas Inteligentes by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 129,362 shares of the transportation company’s stock valued at $1,753,000 after buying an additional 1,121 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Gol Linhas Aereas Inteligentes by 73.4% in the fourth quarter. Two Sigma Advisers LP now owns 78,900 shares of the transportation company’s stock valued at $1,069,000 after buying an additional 33,400 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gol Linhas Aereas Inteligentes in the fourth quarter valued at approximately $893,000. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and internationally. 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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