International Speedway (ISCA) PT Raised to $40.00

International Speedway (NASDAQ:ISCA) had its target price upped by Citigroup from $31.00 to $40.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sell” rating on the stock. Citigroup’s price target would suggest a potential downside of 8.78% from the company’s current price.

A number of other analysts also recently commented on ISCA. Zacks Investment Research raised shares of International Speedway from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 30th. BidaskClub downgraded shares of International Speedway from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th.

Shares of International Speedway (NASDAQ ISCA) traded down $0.10 during trading on Tuesday, hitting $43.85. 31,493 shares of the stock were exchanged, compared to its average volume of 130,571. International Speedway has a twelve month low of $32.25 and a twelve month high of $47.45. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2,037.11, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 5.53 and a beta of 1.30.

International Speedway (NASDAQ:ISCA) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $226.26 million for the quarter, compared to analyst estimates of $222.36 million. International Speedway had a net margin of 16.50% and a return on equity of 5.09%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. equities analysts forecast that International Speedway will post 2.09 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Paradice Investment Management LLC boosted its holdings in International Speedway by 0.4% during the fourth quarter. Paradice Investment Management LLC now owns 1,948,322 shares of the company’s stock worth $77,641,000 after buying an additional 8,016 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in International Speedway by 7.2% during the third quarter. Macquarie Group Ltd. now owns 1,470,023 shares of the company’s stock worth $52,920,000 after buying an additional 98,504 shares in the last quarter. Northern Trust Corp boosted its holdings in International Speedway by 19.3% during the second quarter. Northern Trust Corp now owns 1,067,642 shares of the company’s stock worth $40,090,000 after buying an additional 172,939 shares in the last quarter. State Street Corp boosted its holdings in International Speedway by 3.2% during the second quarter. State Street Corp now owns 847,986 shares of the company’s stock worth $31,842,000 after buying an additional 26,184 shares in the last quarter. Finally, Lindsell Train Ltd boosted its holdings in International Speedway by 14.2% during the third quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock worth $26,042,000 after buying an additional 90,000 shares in the last quarter. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

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International Speedway Company Profile

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.

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