HSBC Downgrades Gol Linhas Aereas Inteligentes (GOL) to Hold

Gol Linhas Aereas Inteligentes (NYSE:GOL) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

A number of other equities analysts also recently issued reports on GOL. ValuEngine downgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Zacks Investment Research raised shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Gol Linhas Aereas Inteligentes presently has an average rating of “Buy” and an average price target of $9.13.

GOL opened at $11.20 on Friday. The company has a market capitalization of $1.93 billion, a P/E ratio of 41.48 and a beta of 0.38. Gol Linhas Aereas Inteligentes has a 12-month low of $4.43 and a 12-month high of $14.48.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings data on Thursday, November 1st. The transportation company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). The business had revenue of $734.32 million during the quarter, compared to analysts’ expectations of $737.22 million. Gol Linhas Aereas Inteligentes had a negative return on equity of 12.57% and a negative net margin of 13.23%. As a group, analysts expect that Gol Linhas Aereas Inteligentes will post -1.08 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deltec Asset Management LLC lifted its holdings in Gol Linhas Aereas Inteligentes by 62.5% during the third quarter. Deltec Asset Management LLC now owns 19,500 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 7,500 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Gol Linhas Aereas Inteligentes during the second quarter valued at approximately $107,000. Jane Street Group LLC purchased a new position in Gol Linhas Aereas Inteligentes during the second quarter valued at approximately $111,000. Engineers Gate Manager LP purchased a new position in Gol Linhas Aereas Inteligentes during the third quarter valued at approximately $176,000. Finally, Citadel Advisors LLC lifted its holdings in Gol Linhas Aereas Inteligentes by 205.4% during the third quarter. Citadel Advisors LLC now owns 45,919 shares of the transportation company’s stock valued at $251,000 after purchasing an additional 30,883 shares in the last quarter. 0.59% of the stock is currently owned by institutional investors.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas 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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The Fly

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

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