Is Goldman Sachs Positive On Shares of Gol Intelligent Airlines (NYSE:GOL)?

July 16, 2018 - By Kristin Houston

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Logo

Why Has Goldman Sachs Given Gol Intelligent Airlines (NYSE:GOL) a $6.02 Price Target

In an analyst note revealed to clients and investors on 16 July, stock analysts at Goldman Sachs has initiated coverage for Gol Intelligent Airlines (NYSE:GOL) shares. The firm has decided to set a Neutral rating along with a $6.02, adding -5.94 % to the target.

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Ratings Coverage

Among 3 analysts covering Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (NYSE:GOL), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares has $15 highest and $900 lowest target. $9.50’s average target is 48.44% above currents $6.4 stock price. Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares had 5 analyst reports since March 8, 2018 according to SRatingsIntel. Buckingham Research maintained the shares of GOL in report on Wednesday, June 13 with “Buy” rating. Citigroup downgraded GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) on Thursday, April 19 to “Sell” rating. The firm has “Buy” rating by Bank of America given on Friday, April 6. On Wednesday, May 23 the stock rating was upgraded by Citigroup to “Hold”. The stock of GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has “Buy” rating given on Thursday, March 8 by Buckingham Research.

The stock increased 9.59% or $0.56 during the last trading session, reaching $6.4. About 1.04 million shares traded or 74.91% up from the average. GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has risen 62.86% since July 16, 2017 and is uptrending. It has outperformed by 50.29% the S&P500.

Analysts await GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) to report earnings on August, 8. They expect $-0.31 earnings per share, up 63.53 % or $0.54 from last year’s $-0.85 per share. After $0.42 actual earnings per share reported by GOL Linhas Aéreas Inteligentes S.A. for the previous quarter, Wall Street now forecasts -173.81 % negative EPS growth.

GOL Linhas Aéreas Inteligentes S.A

More important recent GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) news were published by: Prnewswire.com which released: “ARC Brings Alipay Payment Option to Travel Agency Channel” on July 11, 2018, also Streetinsider.com published article titled: “Goldman Sachs Starts Gol Linhas Aereas Inteligentes (GOL) at Neutral”, Seekingalpha.com published: “How Is GOL Weathering The Storm?” on June 21, 2018. More interesting news about GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) was released by: Streetinsider.com and their article: “Form 6-K Gol Intelligent Airlines For: Sep 30” with publication date: July 16, 2018.

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Ratings Chart

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