Speedway Motorsports Rating Increased to Neutral at Zacks (TRK)
Speedway Motorsports (NYSE:TRK) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $18.30 price objective on the stock. Zacks‘ target price points to a potential upside of 2.23% from the stock’s previous close.
TRK has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Speedway Motorsports (NYSE:TRK) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Analysts at TheStreet downgraded shares of Speedway Motorsports (NYSE:TRK) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 22nd.
Shares of Speedway Motorsports (NYSE:TRK) traded up 0.95% on Tuesday, hitting $18.07. 5,093 shares of the company’s stock traded hands. Speedway Motorsports has a 1-year low of $15.12 and a 1-year high of $19.86. The stock’s 50-day moving average is $18.23 and its 200-day moving average is $18.19. The company’s market cap is $748.2 million.
Speedway Motorsports (NYSE:TRK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.02. The company had revenue of $176.80 million for the quarter, compared to the consensus estimate of $181.80 million. On average, analysts predict that Speedway Motorsports will post $1.00 earnings per share for the current fiscal year.
Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.
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