Gol Linhas Aereas Inteligentes (NYSE:GOL) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $18.00 price target on the transportation company’s stock, up from their previous price target of $14.50. Morgan Stanley’s price target would indicate a potential upside of 12.50% from the stock’s previous close.

GOL has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, March 13th. ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.40.

Shares of GOL opened at $16.00 on Monday. Gol Linhas Aereas Inteligentes has a 1-year low of $4.43 and a 1-year high of $16.60. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -114.29 and a beta of -0.39.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.24). The business had revenue of $851.99 million for the quarter, compared to analyst estimates of $841.76 million. Equities research analysts anticipate that Gol Linhas Aereas Inteligentes will post 0.7 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE acquired a new stake in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at about $47,000. Quantamental Technologies LLC purchased a new position in shares of Gol Linhas Aereas Inteligentes in the first quarter valued at approximately $63,000. Advisor Group Inc. boosted its stake in shares of Gol Linhas Aereas Inteligentes by 516.2% in the first quarter. Advisor Group Inc. now owns 11,202 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 9,384 shares during the period. Jane Street Group LLC boosted its stake in shares of Gol Linhas Aereas Inteligentes by 7.2% in the fourth quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 779 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Gol Linhas Aereas Inteligentes in the first quarter valued at approximately $191,000. Institutional investors and hedge funds own 3.55% of the company’s stock.

About Gol Linhas Aereas Inteligentes

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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