International Speedway Corporation (NASDAQ:ISCA)‘s stock had its “sell” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued to clients and investors on Monday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $30.00. Citigroup Inc.’s price objective suggests a potential downside of 21.62% from the company’s current price.
A number of other equities research analysts have also recently commented on ISCA. BidaskClub upgraded shares of International Speedway Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of International Speedway Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.50.
Shares of International Speedway Corporation (NASDAQ ISCA) opened at 39.55 on Monday. The firm has a 50-day moving average of $35.75 and a 200-day moving average of $35.94. The company has a market capitalization of $1.77 billion, a P/E ratio of 25.90 and a beta of 1.15. International Speedway Corporation has a one year low of $30.05 and a one year high of $40.31.
International Speedway Corporation (NASDAQ:ISCA) last issued its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $128.82 million. International Speedway Corporation had a net margin of 10.07% and a return on equity of 4.86%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. Analysts forecast that International Speedway Corporation will post $1.57 earnings per share for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in ISCA. BlackRock Inc. grew its holdings in shares of International Speedway Corporation by 14,546.9% in the first quarter. BlackRock Inc. now owns 2,509,018 shares of the company’s stock valued at $92,708,000 after purchasing an additional 2,491,888 shares during the period. Macquarie Group Ltd. grew its holdings in shares of International Speedway Corporation by 35.8% in the second quarter. Macquarie Group Ltd. now owns 1,371,519 shares of the company’s stock valued at $51,501,000 after purchasing an additional 361,759 shares during the period. Vivaldi Asset Management LLC purchased a new stake in shares of International Speedway Corporation in the second quarter valued at about $9,343,000. Thrivent Financial For Lutherans purchased a new stake in shares of International Speedway Corporation in the second quarter valued at about $7,167,000. Finally, Northern Trust Corp grew its holdings in shares of International Speedway Corporation by 19.3% in 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 period. 50.71% of the stock is owned by hedge funds and other institutional investors.
International Speedway Corporation Company Profile
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