BlackRock Investment Management (.. recently announced the acquisition of new stake in Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL). The institutional investor has increased its shareholding in the Industrials company by 85.41% to 2.69 million shares with purchase of 1.24 million shares. This fresh investment now brings its stake to 1.96% valued currently at $18.36 million. In addition, US Global Investors, Inc. (Asset.. raised its holdings by 0.84 million to 1.62 million shares. And Capital Research & Management Co.. has lifted its position by 9.77% or 93138.0 shares – to 1.05 million shares.
With over 1.73 million Gol Linhas Aereas Inteligentes S.A. (GOL) shares trading Tuesday and a closing price of $6.94 on the day, the dollar volume was approximately $11.99 million. The shares have shown a positive weekly performance of 6.28% and its price on 09/01/20 gained nearly 6.44%. Currently, there are 144.12M common shares owned by the public and among those 78.10M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for GOL have a consensus price objective of $8.31. The analysts have set the share’s price value over the next 12 months at a high of $16.90 and a low of $4.67 should the stock experience a downside. Incidentally, analysts’ outlook for the Gol Linhas Aereas Inteligentes S.A. stock is 2.60 for the next 12 months. The average price target is 24.15% above its last price level and an upside to the estimated low will see the stock lose -48.61% over that period. But an upside of 58.93% will see the stock hit the forecast high price target while mean target price for the stock is $8.32.
The top 3 mutual fund holders in Gol Linhas Aereas Inteligentes S.A. are US Global Jets ETF, BlackRock Strategic Fds. – Emergi, and American Funds New World Fund. US Global Jets ETF owns 1.69 million shares of the company’s stock, all valued at over $11.53 million. BlackRock Strategic Fds. – Emergi bought 0.17 million shares to see its total holdings expand to 1.08 million shares valued at over $7.41 million and representing 0.79% of the shares outstanding. American Funds New World Fund now owns shares totaling to 0.69% of the shares outstanding.
Shares of Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) opened at $6.78, up $0.26 from a prior closing price of $6.52. However, the script later closed the day at $6.94, up 6.44%. The company’s stock has a 5-day price change of 6.28% and 0.58% over the past three months. GOL shares are trading -61.59% year to date (YTD), with the 12-month market performance down to -54.30% lower. It has a 12-month low price of $1.85 and touched a high of $19.36 over the same period. Currently, 1.73 million shares have been traded, compared to an average intraday trading volume of 2.30 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 5.15%, -1.22%, and -29.27% respectively.
Institutional ownership of Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) shares accounts for 14.50% of the company’s 144.12M shares outstanding. Mutual fund holders own 6.04%, while other institutional holders and individual stakeholders account for 7.76% and — respectively.
It has a market capitalization of $892.41M and a beta (3y monthly) value of 0.77. The earnings-per-share (ttm) stands at -$4.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.46% over the week and 5.84% over the month.
Analysts forecast that Gol Linhas Aereas Inteligentes S.A. (GOL) will achieve an EPS of -$0.65 for the current quarter, -$0.48 for the next quarter and -$0.37 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.75 while analysts give the company a high EPS estimate of -$0.53. Comparatively, EPS for the current quarter was -$1.36 a year ago. Earnings per share for the fiscal year are expected to increase by 89.30%, and 95.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Gol Linhas Aereas Inteligentes S.A. (GOL) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 7 of the 11 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the GOL, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on July 17, 2020, with the firm’s price target at. BofA/Merrill coverage for the Gol Linhas Aereas Inteligentes S.A. (GOL) stock in a research note released on May 28, 2020 offered a Neutral rating with a price target of $6. Morgan Stanley was of a view on April 24, 2020 that the stock is Equal-Weight, while Goldman gave the stock Neutral rating on April 09, 2020, issuing a price target of. Deutsche Bank on their part issued Hold rating on March 17, 2020.