International Speedway Corp (ISCA) Given $35.33 Average Price Target by Brokerages

Shares of International Speedway Corp (NASDAQ:ISCA) have earned an average broker rating score of 3.00 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. International Speedway’s rating score has declined by 28.8% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a 12 month consensus price target of $35.33 for the company and are predicting that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 164 out of 265 based on the ratings given to related companies.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of International Speedway from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded shares of International Speedway from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, October 10th. Finally, Citigroup restated a “sell” rating and set a $31.00 target price (up previously from $30.00) on shares of International Speedway in a report on Monday, October 9th.

Several large investors have recently bought and sold shares of ISCA. Schwab Charles Investment Management Inc. lifted its holdings in International Speedway by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 157,544 shares of the company’s stock worth $5,822,000 after buying an additional 9,947 shares in the last quarter. AQR Capital Management LLC lifted its holdings in International Speedway by 23.5% in the 1st quarter. AQR Capital Management LLC now owns 29,115 shares of the company’s stock worth $1,076,000 after buying an additional 5,546 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in International Speedway by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock worth $248,000 after buying an additional 200 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in International Speedway by 2.0% in the 2nd quarter. State Treasurer State of Michigan now owns 10,450 shares of the company’s stock worth $392,000 after buying an additional 200 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in International Speedway by 333.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,125 shares of the company’s stock worth $381,000 after buying an additional 7,787 shares in the last quarter. Institutional investors and hedge funds own 50.37% of the company’s stock.

International Speedway (NASDAQ:ISCA) traded down $0.15 during trading hours on Friday, hitting $40.45. 120,700 shares of the company traded hands, compared to its average volume of 135,634. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market cap of $1,794.03, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 6.01 and a beta of 1.13. International Speedway has a 1-year low of $32.25 and a 1-year high of $41.60.

International Speedway (NASDAQ:ISCA) last posted its earnings results on Thursday, October 5th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $128.82 million. International Speedway had a net margin of 10.07% and a return on equity of 5.05%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. equities research analysts forecast that International Speedway will post 1.59 EPS for the current year.

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