International Speedway Corporation (ISCA) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of International Speedway Corporation (NASDAQ:ISCA) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $45.00 target price on the stock.
According to Zacks, “International Speedway Corporation’s operations consist principally of racing events at its motorsports facilities, which generate revenue primarily through sales of admissions to racing events, television broadcast rights fees, sponsorship fees, hospitality rentals, royalties from licenses of trademarks and provides catering, souvenir and food concession services at certain facilities. “
ISCA has been the topic of several other research reports. Citigroup Inc. reissued a sell rating and issued a $31.00 target price (up previously from $30.00) on shares of International Speedway Corporation in a report on Monday, October 9th. BidaskClub raised International Speedway Corporation from a sell rating to a hold rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. International Speedway Corporation has an average rating of Hold and a consensus price target of $38.50.
Shares of International Speedway Corporation (ISCA) opened at 39.30 on Tuesday. The stock has a 50 day moving average price of $36.14 and a 200-day moving average price of $36.01. International Speedway Corporation has a 52-week low of $30.30 and a 52-week high of $40.31. The firm has a market cap of $1.76 billion, a PE ratio of 25.74 and a beta of 1.15.
International Speedway Corporation (NASDAQ:ISCA) last posted its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $131.90 million for the quarter, compared to analyst estimates of $128.82 million. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. International Speedway Corporation’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. On average, equities analysts anticipate that International Speedway Corporation will post $1.57 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in shares of International Speedway Corporation by 165.1% during the first quarter. Quantbot Technologies LP now owns 3,446 shares of the company’s stock worth $127,000 after purchasing an additional 2,146 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of International Speedway Corporation by 5.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,580 shares of the company’s stock worth $153,000 after purchasing an additional 217 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of International Speedway Corporation during the first quarter worth about $179,000. Oxford Asset Management purchased a new position in shares of International Speedway Corporation during the first quarter worth about $220,000. Finally, Susquehanna International Group LLP purchased a new position in shares of International Speedway Corporation during the second quarter worth about $243,000. 50.71% of the stock is currently owned by institutional investors.
International Speedway Corporation Company Profile
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