GOL stock: buy or sell?

GOL stock price: $17.13 -0.35% At close on October 18th, 2019

Updated on:
October 18th, 2019

1

Shares of Gol Linhas Aereas Inteligentes closed on October/18 at $17.13 and decreased an unpleasant -0.35%.

GOL Linhas Aéreas Inteligentes S.A. provides airline services in Brazil and internationally. It carries passengers to 53 destinations in Brazil, and 11 destinations in South America and the Caribbean on a fleet of 120 Boeing 737 aircraft.

Should I buy GOL stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Gol Linhas Aereas Inteligentes stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Gol Linhas Aereas Inteligentes stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we gathered 4 ratings published for GOL stock in the last 30 days.

Is GOL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-13Buckingham ResearchBuyNeutral
2019-7-3Goldman Sachs GroupBuyNeutral
2019-6-10Morgan StanleyEqual WeightOverweight
2019-1-17UBS GroupNeutralSell

GOL stock analysis

Daily outlook

Gol Linhas Aereas Inteligentes shares decreased -0.35% to $17.13 on Oct 18th.

Gol Linhas Aereas Inteligentes shares decreased -0.35% to $17.13 on Oct 18th. On Oct/3 GOL price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Price climbed above $16.50 breaking the short term down trend. $16.50 should act now as a support and could be tested in the coming days.

GOL stock chart (daily)

Weekly outlook

Gol Linhas Aereas Inteligentes raised a slightly fine 1.18% this week. By mid September GOL plunged a spooky -7.37% in just one week. Counting this, it's been 3 green weeks in a row, gaining $1.75 or 11.02%. Late September GOL skyrocketed an astounding 6.05% in just one week.

Late May GOL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up late December 2018, GOL price climbed $4.63 per share (37.04%).

GOL stock chart (weekly)

GOL stock price history

GOL stock went public on June 24th, 2004 with a price of $17.001. Since then, GOL stock grew a 0.80%, with an average of 0.10% per year. If you had invested $1,000 in GOL stock in 2004, it would worth $8.00 today.

1: Adjusted price after possible price splits or reverse-splits.

GOL stock historical price chart

GOL stock reached 52-week highs on August at $23.30, and all-time highs 2006-05-09 with a price of 75.77.

GOL stock price target is $17.90

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 3 price predictions for GOL stock:
GOL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-13Buckingham ResearchDowngradesn/a$19.00-
2019-7-3Goldman Sachs GroupDowngradesn/a$16.80-
2019-6-10Morgan StanleyUpgrades$14.50$18.0024.1%
(in average)$14.50$17.9023.0%
Moving in a range from $19.00 and $16.80, the price target for GOL stock is $17.90. In average, analysts' outlook on GOL price target is positive, improving the prediction by a 23.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Gol Linhas Aereas Inteligentes reported super good results for 2018-Q4 on February. Gol Linhas Aereas Inteligentes rocketed Earnings per Share (EPS) by 81.00%, beating experts estimates of $0.21. Gol Linhas Aereas Inteligentes posted $0.38.
GOL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-3.41n/a
2017-Q3-n/a2.35n/a
2017-Q42018-03-070.250.24-4.0%
2018-Q12018-05-090.420.420.0%
2018-Q22018-08-02-0.27-0.45n/a
2018-Q32018-11-01-0.1-0.32n/a
2018-Q42019-02-280.210.3881.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Gol Linhas Aereas Inteligentes annual turnover rose a great 7.90% to $11,411.40 M dollars from $10,576.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) slipped a -9.69% to -9.51%.

GOL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$8,960 M-$-796.55 M-8.9%-
2014$3,788 M-57.72%$-468.95 M-12.4%-41.13%
2015$9,778 M158.13%$-4,460.88 M-45.6%851.24%
2016$9,721 M-0.59%$846 M8.7%-118.96%
2017$10,576 M8.80%$19 M0.2%-97.73%
2018$11,411 M7.90%$-1,085.39 M-9.5%-5,757.79%

Quarterly financial results

Gol Linhas Aereas Inteligentes reported $3,200.87 million in revenues for 2018-Q4, a 10.67% improvement compared to previous quarter. Reported quarter income marked $502.36 million with a profit margin of 15.69%. Profit margin climbed a 29.84% compared to previous quarter when profit margin was -14.15%. When comparing sales to same quarter last year, Gol Linhas Aereas Inteligentes sales marked an extraordinary growth and skyrocketed a 236.17%. Looking back to recent quarterly results, Gol Linhas Aereas Inteligentes posted 2 positive quarters in a row.
GOL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,230 M-$-474.55 M-21.3%-
2017-Q3$859 M-61.47%$103.56 M12.1%-121.82%
2017-Q4$952 M10.83%$1.35 M0.1%-98.70%
2018-Q1$2,964 M211.32%$147.47 M5.0%10,833.33%
2018-Q2$2,354 M-20.59%$-1,325.98 M-56.3%-999.15%
2018-Q3$2,892 M22.88%$-409.24 M-14.1%-69.14%
2018-Q4$3,201 M10.67%$502.36 M15.7%-222.75%
2019-Q1$3,211 M0.31%$-32.31 M-1.0%-106.43%

Gol Linhas Aereas Inteligentes ownership

When you are planning to buy shares of a stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Gol Linhas Aereas Inteligentes, 0.00% of all outstanding shares are owned by its staff.

In case of Gol Linhas Aereas Inteligentes stock, 14.45% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GOL stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Gol Linhas Aereas Inteligentes:

GOLAVHCEACPADAL
Market cap$3.0 B$528.4 M$8.2 B$3.2 B$35.0 B
Total shares175.0 M124.6 M327.6 M31.3 M650.2 M
Float shares115.5 M39.1 M84.9 M31.5 M574.5 M
  - Institutional holdings (%)14.4%22.5%0.2%95.8%0.0%
  - Insider holdings (%)0.0%0.0%0.0%0.0%49.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

GOL summary

Friday, October 18th, 2019
Open$17.22
Close$17.13
Day range$17.13 - $17.44
Previous close$17.19
Session gain-0.35%
Average true range$0.64
50d mov avg$16.54
100d mov avg$17.49
200d mov avg$15.30
Daily patternlb06c
Weekly pattern lb06a

Gol Linhas Aereas Inteligentes performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Gol Linhas Aereas Inteligentes against Avianca, China Eastern Airlines, Copa, Delta Air Lines, LATAM Airlines and Controladora Vuela Compania de Aviacion, S.A.B. de in the following table:
Stock3m6m12m
GOLGol Linhas Aereas...-16.36%41.10%96.44%
AVHAvianca0.47%7.34%-19.24%
CEAChina Eastern Air...-14.03%-33.78%-3.56%
CPACopa-0.10%25.49%37.77%
DALDelta Air Lines-11.05%-6.30%3.44%
LTMLATAM Airlines23.27%11.04%35.71%
VLRSControladora Vuel...7.58%19.80%63.85%

Gol Linhas Aereas Inteligentes competitors

We picked a few stocks to conform a list of Gol Linhas Aereas Inteligentes competitors to review if you are interested in investing in GOL: