International Speedway Corp (ISCA) Given $40.50 Consensus Price Target by Brokerages

International Speedway Corp (NASDAQ:ISCA) has been assigned an average broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a 1-year consensus target price of $40.50 for the company, according to Zacks. Zacks has also given International Speedway an industry rank of 129 out of 265 based on the ratings given to related companies.

A number of research firms have commented on ISCA. Zacks Investment Research lowered International Speedway from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub downgraded International Speedway from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Citigroup raised their target price on International Speedway from $31.00 to $40.00 and gave the company a “sell” rating in a report on Tuesday, February 6th.

International Speedway (NASDAQ:ISCA) opened at $44.00 on Wednesday. International Speedway has a 52 week low of $32.25 and a 52 week high of $47.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market capitalization of $1,917.80, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30.

International Speedway (NASDAQ:ISCA) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. International Speedway had a return on equity of 5.09% and a net margin of 16.50%. The firm had revenue of $226.26 million for the quarter, compared to analyst estimates of $222.36 million. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities analysts forecast that International Speedway will post 2.06 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings in shares of International Speedway by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 817,066 shares of the company’s stock valued at $32,560,000 after purchasing an additional 46,966 shares in the last quarter. AXA boosted its holdings in shares of International Speedway by 25.8% in the 4th quarter. AXA now owns 183,354 shares of the company’s stock valued at $7,307,000 after purchasing an additional 37,554 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of International Speedway by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 232,996 shares of the company’s stock valued at $9,284,000 after purchasing an additional 6,712 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of International Speedway in the 4th quarter valued at $333,000. Finally, Brandes Investment Partners LP boosted its holdings in shares of International Speedway by 30.6% in the 4th quarter. Brandes Investment Partners LP now owns 76,197 shares of the company’s stock valued at $3,036,000 after purchasing an additional 17,838 shares in the last quarter. 50.62% of the stock is currently owned by hedge funds and other institutional investors.

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About International Speedway

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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