BidaskClub downgraded shares of International Speedway (NASDAQ:ISCA) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.
Several other equities analysts have also commented on the company. Zacks Investment Research raised International Speedway from a hold rating to a buy rating and set a $45.00 target price for the company in a report on Tuesday, October 10th. Citigroup reaffirmed a sell rating and set a $31.00 target price (up from $30.00) on shares of International Speedway in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $38.50.
International Speedway (ISCA) opened at $40.45 on Tuesday. The company has a market capitalization of $1,794.03, a P/E ratio of 26.19, a PEG ratio of 6.01 and a beta of 1.13. International Speedway has a fifty-two week low of $32.25 and a fifty-two week high of $41.60. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19.
International Speedway (NASDAQ:ISCA) last posted its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $128.82 million. International Speedway had a return on equity of 5.05% and a net margin of 10.07%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. sell-side analysts predict that International Speedway will post 1.59 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. AXA grew its holdings in International Speedway by 571.9% in the 3rd quarter. AXA now owns 145,800 shares of the company’s stock worth $5,249,000 after buying an additional 124,100 shares in the last quarter. GSA Capital Partners LLP grew its holdings in International Speedway by 92.9% in the 3rd quarter. GSA Capital Partners LLP now owns 66,421 shares of the company’s stock worth $2,391,000 after buying an additional 31,987 shares in the last quarter. California Public Employees Retirement System grew its holdings in International Speedway by 8.7% in the 3rd quarter. California Public Employees Retirement System now owns 59,906 shares of the company’s stock worth $2,157,000 after buying an additional 4,806 shares in the last quarter. KBC Group NV grew its holdings in International Speedway by 47.3% in the 3rd quarter. KBC Group NV now owns 22,702 shares of the company’s stock worth $817,000 after buying an additional 7,287 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in International Speedway by 7.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 176,273 shares of the company’s stock worth $6,346,000 after buying an additional 12,770 shares in the last quarter. 50.37% of the stock is owned by institutional investors and hedge funds.
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International Speedway Company Profile
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