Goldman Sachs International recently announced the acquisition of new stake in Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL). This fresh investment now brings its stake to 0.28% valued currently at $1.26 million. In addition, Bank of America, NA raised its holdings by 1089.0 to 0.4 million shares. And Connor, Clark & Lunn Investment M has lifted its position by 252.95% or 0.23 million shares – to 0.33 million shares.
With over 1.66 million Gol Linhas Aereas Inteligentes S.A. (GOL) shares trading Monday and a closing price of $3.26 on the day, the dollar volume was approximately $5.41 million. The shares have shown a positive half year performance of 5.16% and its price on 05/22/23 gained nearly 5.84%. Currently, there are 208.82M common shares owned by the public and among those 167.91M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for GOL have a consensus price objective of $4.34. The analysts have set the share’s price value over the next 12 months at a high of $7.42 and a low of $2.82. The average price target is 32.64% above its recent price level and a downside to the estimated low will see the stock lose -15.6% over that period. But an upside of 56.06% will see the stock hit the forecast high price target while median target price for the stock is $4.08.
The top 3 mutual fund holders in Gol Linhas Aereas Inteligentes S.A. are Vanguard Total International Stoc, BlackRock Strategic Fds. – Emergi, and Government Pension Fund – Global. Vanguard Total International Stoc owns 0.62 million shares of the company’s stock, all valued at over $1.65 million. The company sold 42003.0 shares recently to bring their total holdings to about 0.37% of the shares outstanding. Government Pension Fund – Global sold -0.14 million shares to bring its total holdings to over 0.43 million shares at a value of $1.16 million. Government Pension Fund – Global now owns shares totaling to 0.26% of the shares outstanding.
Shares of Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) opened at $3.17, up $0.09 from a prior closing price of $3.08. However, the script later moved the day high at 3.3800, up 5.84%. The company’s stock has a 5-day price change of 4.15% and 41.13% over the past three months. GOL shares are trading 22.10% year to date (YTD), with the 12-month market performance down to -45.85% lower. It has a 12-month low price of $2.00 and touched a high of $6.59 over the same period. GOL has an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.83%, 21.11%, and 3.66% respectively.
Institutional ownership of Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) shares accounts for 6.70% of the company’s 208.82M shares outstanding. Mutual fund holders own 1.25%, while other institutional holders and individual stakeholders account for 2.81% and — respectively.
It has a market capitalization of $712.21M and a beta (3y monthly) value of 1.17. The earnings-per-share (ttm) stands at -$3.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.39% over the week and 6.40% over the month.
Analysts forecast that Gol Linhas Aereas Inteligentes S.A. (GOL) will achieve an EPS of -$0.13 for the current quarter, -$0.01 for the next quarter and $0.95 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.25 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was -$2.6 a year ago. Earnings per share for the fiscal year are expected to increase by 80.00%, and 427.80% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Gol Linhas Aereas Inteligentes S.A. (GOL) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 7 of the 14 advise that investors “hold,” and 1 rated it as a “Sell.”
