Gol Transportes A茅reos (GOL) Stock Price Down 5.4%

Gol Transportes A茅reos (NYSE:GOL) shares traded down 5.4% on Monday . The company traded as low as $9.72 and last traded at $9.75. 524,965 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 374,811 shares. The stock had previously closed at $10.31.

A number of research analysts have weighed in on the stock. Bank of America lowered shares of Gol Transportes A茅reos from a “buy” rating to a “neutral” rating in a research note on Thursday, January 11th. Buckingham Research reissued a “buy” rating and issued a $15.00 target price (up from $14.00) on shares of Gol Transportes A茅reos in a research note on Thursday, March 8th. ValuEngine raised shares of Gol Transportes A茅reos from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of Gol Transportes A茅reos from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Citigroup lowered shares of Gol Transportes A茅reos from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $13.47 to $11.00 in a research note on Thursday, April 19th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $15.25.

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The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of -1.97. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 36.11 and a beta of 1.95.

Gol Transportes A茅reos (NYSE:GOL) last released its earnings results on Wednesday, March 7th. The transportation company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The business had revenue of $917.30 million during the quarter, compared to analysts’ expectations of $911.08 million. Gol Transportes A茅reos had a negative return on equity of 6.87% and a net margin of 0.95%. analysts anticipate that Gol Transportes A茅reos will post 0.63 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. increased its holdings in shares of Gol Transportes A茅reos by 149.6% during the 4th quarter. Macquarie Group Ltd. now owns 2,804,320 shares of the transportation company’s stock worth $24,566,000 after buying an additional 1,680,898 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Gol Transportes A茅reos during the 4th quarter worth approximately $189,000. Millennium Management LLC increased its holdings in shares of Gol Transportes A茅reos by 10.6% during the 4th quarter. Millennium Management LLC now owns 256,351 shares of the transportation company’s stock worth $2,246,000 after buying an additional 24,612 shares during the last quarter. Wolverine Trading LLC increased its holdings in shares of Gol Transportes A茅reos by 377.1% during 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. Finally, Two Sigma Investments LP increased its holdings in shares of Gol Transportes A茅reos by 611.5% during the 4th quarter. Two Sigma Investments LP now owns 245,203 shares of the transportation company’s stock worth $2,148,000 after buying an additional 210,740 shares during the last quarter. Institutional investors and hedge funds own 0.97% of the company’s stock.

Gol Transportes A茅reos Company Profile

GOL Linhas A茅reas 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.