Marriott International Inc.’s (NASDAQ: MAR) stock rose slightly in extended trading yesterday, after its first-quarter results for fiscal 14 (1QFY14; ended March 31, 2014), driven by a surge in corporate group bookings in the US, came in stronger than the company had expected.
The hotel giant reported revenue growth of almost 5% YoY to $3.29 billion, largely in line with the Street’s estimates, as room occupancy soared in North America due to an increase in corporate travel. The hotel chain also benefited from the shift in the Easter holidays to the second quarter; the occupancy rate was hurt in the same period last year due to Easter. Marriott International Inc (NASDAQ:MAR) shares after opening at $57.28 moved to $58.38 on last trade day and at the end of the day closed at $57.93. Company price to sales ratio in past twelve months was calculated as 1.34 and price to cash ratio as 136.20. Marriott International Inc(NASDAQ:MAR) showed a positive weekly performance of 1.26%.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced that World Omni Financial Corp. (World Omni), a provider of financial products and services to automotive dealers, consumers and lenders, has deployed the Automotive Loan Origination System (Auto LOS) from Fiserv for its retail installment contract and lease origination technology needs.With Auto LOS from Fiserv, World Omni will be able to automate the entire credit and funding process from electronic application capture through efficient credit decisioning, funding verification, contract package validation and boarding to any auto servicing system. Fiserv Inc (NASDAQ:FISV) shares advanced 5.70% in last trading session and ended the day on $60.78. FISV return on equity ratio is recorded as 18.50% and its return on assets is 6.80%. Fiserv Inc (NASDAQ:FISV) yearly performance is 33.41%.
Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has announced its preliminary air traffic figures. As per the figures announced, the net PRASK has shown a rise of 19% from a year before. Overall it has shown a rise of 18% in the first quarter of 2014. It showed an uptick movement because there was a significant increase in the load factor. It showed a rise of 9.0 p.p. in load factor. Gol Linhas has a credit rating of B by S&P whereas Moody maintains its B3 rating on the company. The company is famous as the largest low cost and low fare airline company in Latin America. Gol Linhas Aereas Inteligentes SA (ADR)(NYSE:GOL) shares moved up 3.17% in last trading session and was closed at $6.50, while trading in range of $ 6.25 – 6.50. Gol Linhas Aereas Inteligentes SA (ADR)(NYSE:GOL) year to date (YTD) performance is 42.23%.
Analysts at Davidson boosted their price objective on shares of Greenbrier Companies (NYSE:GBX) from $60.00 to $65.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. Davidson’s target price indicates a potential upside of 29.84% from the stock’s previous close. Greenbrier Companies Inc (NYSE:GBX) weekly performance is 8.41%. On last trading day company shares ended up $52.44. Greenbrier Companies Inc (NYSE:GBX) distance from 50-day simple moving average (SMA50) is 16.30%. Analysts mean target price for the company is $53.33.