Gogo Receives New Coverage from Analysts at Wells Fargo & Co. (GOGO)
Stock analysts at Wells Fargo & Co. began coverage on shares of Gogo (NASDAQ:GOGO) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Gogo from $28.00 to $23.00 in a research note on Tuesday, April 29th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.50.
Gogo (NASDAQ:GOGO) opened at 18.14 on Friday. Gogo has a one year low of $1.417 and a one year high of $35.77. The stock has a 50-day moving average of $15.81 and a 200-day moving average of $21.27. The company’s market cap is $1.543 billion.
Gogo (NASDAQ:GOGO) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.25) by $0.05. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.58 million. Gogo’s revenue was up 35.2% compared to the same quarter last year. Analysts expect that Gogo will post $-0.91 EPS for the current fiscal year.
Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC.
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