International Speedway Corp (NASDAQ:ISCA) has earned a consensus broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 1 year consensus price target of $40.50 for the company, according to Zacks. Zacks has also assigned International Speedway an industry rank of 168 out of 265 based on the ratings given to related companies.

Several research analysts recently weighed in on ISCA shares. BidaskClub cut International Speedway from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut International Speedway from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Citigroup upped 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.

Several hedge funds and other institutional investors have recently made changes to their positions in ISCA. Northern Trust Corp lifted its holdings in shares of International Speedway by 19.3% during the second quarter. Northern Trust Corp now owns 1,067,642 shares of the company’s stock valued at $40,090,000 after purchasing an additional 172,939 shares during the last quarter. Mawer Investment Management Ltd. purchased a new stake in shares of International Speedway during the fourth quarter valued at $6,736,000. AXA lifted its holdings in shares of International Speedway by 571.9% during the third quarter. AXA now owns 145,800 shares of the company’s stock valued at $5,249,000 after purchasing an additional 124,100 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of International Speedway by 7.2% during the third quarter. Macquarie Group Ltd. now owns 1,470,023 shares of the company’s stock valued at $52,920,000 after purchasing an additional 98,504 shares during the last quarter. Finally, Lindsell Train Ltd lifted its holdings in shares of International Speedway by 14.2% during the third quarter. Lindsell Train Ltd now owns 723,400 shares of the company’s stock valued at $26,042,000 after purchasing an additional 90,000 shares during the last quarter. 50.48% of the stock is owned by institutional investors and hedge funds.

International Speedway (NASDAQ:ISCA) opened at $43.50 on Thursday. International Speedway has a 52 week low of $32.25 and a 52 week high of $47.45. The firm has a market capitalization of $1,922.22, a PE ratio of 27.19, a P/E/G ratio of 5.22 and a beta of 1.30. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.18.

International Speedway (NASDAQ:ISCA) last announced its earnings results on Thursday, January 25th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $226.26 million during the quarter, compared to analysts’ expectations of $222.36 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts forecast that International Speedway will post 2.09 EPS for the current fiscal year.

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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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