The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) gapped up by $0.13 today and has $58.78 target or 199.00% above today’s $19.66 share price. The 6 months technical chart setup indicates low risk for the $398.14 million company. The gap was reported on Oct, 4 by Barchart.com. If the $58.78 price target is reached, the company will be worth $792.30 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 3.69% or $0.7 on October 3, hitting $19.66. About 86,298 shares traded hands. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has risen 241.91% since March 1, 2016 and is uptrending. It has outperformed by 229.70% the S&P500.
Analysts await Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) to report earnings on November, 10. They expect $-1.60 EPS, up 92.49% or $19.70 from last year’s $-21.3 per share. After $0.10 actual EPS reported by Gol Linhas Aereas Inteligentes SA (ADR) for the previous quarter, Wall Street now forecasts -1,700.00% negative EPS growth.
Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) Ratings Coverage
Out of 9 analysts covering Gol Linhas Aereas Inteligentes Sa (NYSE:GOL), 1 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 11% are positive. Gol Linhas Aereas Inteligentes Sa has been the topic of 13 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, September 9. On Tuesday, February 2 the stock rating was upgraded by Goldman Sachs to “Neutral”. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) earned “Hold” rating by Deutsche Bank on Tuesday, January 5. The firm has “Underperform” rating given on Thursday, December 10 by Credit Suisse. The firm earned “Hold” rating on Wednesday, July 20 by Deutsche Bank. The firm has “Sell” rating by UBS given on Tuesday, September 22. JP Morgan upgraded Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) on Monday, March 28 to “Neutral” rating. The company was upgraded on Friday, August 5 by Bank of America. Credit Suisse upgraded the stock to “Neutral” rating in Friday, August 26 report. As per Monday, November 23, the company rating was initiated by HSBC.
According to Zacks Investment Research, “GOL Linhas Aereas Inteligentes is a low-cost, low-fare airline.”
More recent Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) news were published by: Marketwatch.com which released: “GOL Linhas Aereas Inteligentes SA ADR” on May 18, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades” with publication date: September 08, 2016 was also an interesting one.
GOL Company Profile
Gol Linhas Aereas Inteligentes S.A., incorporated on March 12, 2004, is a holding company. The Firm is a low-cost carrier, which provides service on routes connecting all of Brazil’s cities in South America and selected tourist destinations in the Caribbean. The Firm operates through two divisions: flight transportation and Smiles loyalty program. The Company’s flight transportation segment provides air transportation services. The Company’s Smiles loyalty program segment includes the activities represented by miles sales transactions to airline and non- airline partners. The Firm has an operating fleet of approximately 7.7 years Boeing 737-700/800s, or Boeing 737 aircraft and its flight routes offer various number of daily departures among airlines in Latin America. It also offers its air cargo services, Gollog. The Firm offers approximately 860 daily flights to over 60 destinations connecting various cities in Brazil, as well as destinations in Argentina, Bolivia, Chile, Paraguay, Uruguay and the Caribbean.
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