Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $13.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.36% from the stock’s current price.

According to Zacks, “Shares of GOL Linhas have outperformed the Zacks categorized Tansportation- Airline industry on a year-to-date basis. Ushering in further good news, the carrier reported better-than-expected earnings per share in the first quarter of 2017. However, the bottom-line contracted 23.2% on a year-over-year basis due to higher costs. Apart from the earnings beat, the company reported impressive traffic data for April. Load factor (percentage of seats filled by passengers) also increased as traffic growth outweighed capacity expansion for the month. We are also impressed by the company's efforts to modernize its fleet. The improving Brazilian economy is also a positive. “

Other research analysts have also issued research reports about the company. HSBC Holdings plc raised Gol Linhas Aereas Inteligentes SA from a “reduce” rating to a “hold” rating in a report on Wednesday, April 5th. Deutsche Bank AG raised Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “buy” rating in a report on Thursday, February 2nd. Bank of America Corp raised Gol Linhas Aereas Inteligentes SA from a “neutral” rating to a “buy” rating in a report on Monday, January 30th. Finally, Citigroup Inc lowered Gol Linhas Aereas Inteligentes SA from a “neutral” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Gol Linhas Aereas Inteligentes SA currently has an average rating of “Hold” and a consensus price target of $20.38.

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

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) traded up 5.88% during midday trading on Friday, reaching $12.25. 1,095,527 shares of the company were exchanged. The company has a market capitalization of $848.55 million, a price-to-earnings ratio of 8.78 and a beta of 2.09. Gol Linhas Aereas Inteligentes SA has a 52-week low of $3.10 and a 52-week high of $17.96. The company has a 50 day moving average of $15.61 and a 200-day moving average of $11.54.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/05/19/gol-linhas-aereas-inteligentes-sa-gol-upgraded-to-buy-at-zacks-investment-research.html.

Several hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP raised its stake in Gol Linhas Aereas Inteligentes SA by 154.0% in the first quarter. Rubric Capital Management LP now owns 196,721 shares of the transportation company’s stock worth $5,213,000 after buying an additional 119,275 shares during the last quarter. Morgan Stanley increased its position in Gol Linhas Aereas Inteligentes SA by 374.5% in the first quarter. Morgan Stanley now owns 27,972 shares of the transportation company’s stock valued at $741,000 after buying an additional 22,077 shares during the period. Dimensional Fund Advisors LP increased its position in Gol Linhas Aereas Inteligentes SA by 67.1% in the first quarter. Dimensional Fund Advisors LP now owns 53,000 shares of the transportation company’s stock valued at $1,403,000 after buying an additional 21,284 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Gol Linhas Aereas Inteligentes SA during the fourth quarter valued at $218,000. Finally, Pinnacle Associates Ltd. acquired a new position in Gol Linhas Aereas Inteligentes SA during the first quarter valued at $331,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Gol Linhas Aereas Inteligentes SA Company Profile

Gol Linhas Aereas Inteligentes SA (GOL) is an airline company. The Company is engaged in providing mobile geolocation services to its passengers and designing a Website featuring accessibility resources to assist people with visual and motor impairments. The Company operates through two segments: Air transportation and Loyalty program.

5 Day Chart for NYSE:GOL

Get a free copy of the Zacks research report on Gol Linhas Aereas Inteligentes SA (GOL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Gol Linhas Aereas Inteligentes SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aereas Inteligentes SA and related companies with MarketBeat.com's FREE daily email newsletter.