Gol Transportes Aéreos (GOL) Rating Lowered to Hold at ValuEngine

Gol Transportes Aéreos (NYSE:GOL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other equities analysts also recently issued reports on GOL. Zacks Investment Research downgraded Gol Transportes Aéreos from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Buckingham Research restated a “buy” rating and issued a $15.00 price target (up from $14.00) on shares of Gol Transportes Aéreos in a research note on Thursday, March 8th. Bank of America upgraded Gol Transportes Aéreos from a “neutral” rating to a “buy” rating in a research note on Friday, April 6th. Finally, Citigroup downgraded Gol Transportes Aéreos from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $13.47 to $11.00 in a research note on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.25.

GOL traded down $0.39 during trading on Thursday, hitting $7.72. 552,700 shares of the company’s stock traded hands, compared to its average volume of 401,077. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of -2.04. Gol Transportes Aéreos has a 12-month low of $8.24 and a 12-month high of $8.39. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 28.59 and a beta of 1.95.

Gol Transportes Aéreos (NYSE:GOL) last issued its earnings results on Wednesday, March 7th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $911.08 million. Gol Transportes Aéreos had a net margin of 0.08% and a negative return on equity of 7.05%. research analysts forecast that Gol Transportes Aéreos will post 0.57 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in GOL. Wolverine Trading LLC boosted its stake in shares of Gol Transportes Aéreos by 377.1% in the 4th quarter. Wolverine Trading LLC now owns 14,153 shares of the transportation company’s stock worth $124,000 after buying an additional 19,261 shares during the last quarter. Smith Asset Management Group LP boosted its stake in shares of Gol Transportes Aéreos by 258.8% in the 4th quarter. Smith Asset Management Group LP now owns 17,475 shares of the transportation company’s stock worth $153,000 after buying an additional 12,605 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Gol Transportes Aéreos by 87.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 19,945 shares of the transportation company’s stock worth $175,000 after purchasing an additional 9,329 shares during the period. Jane Street Group LLC bought a new position in Gol Transportes Aéreos in the 4th quarter worth $189,000. Finally, Acadian Asset Management LLC bought a new position in Gol Transportes Aéreos in the 4th quarter worth $207,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.

About Gol Transportes Aéreos

GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation services for passengers and cargo in Brazil and Latin America. The company, through its Brazil network, offers customers approximately 700 daily flights to 66 destinations in 8 countries in South America and the Caribbean. It also provides cargo transportation and logistics services serving approximately 2,400 Brazilian municipalities, as well as through its partners serving 205 international destinations in 95 countries.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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