BidaskClub Upgrades International Speedway (ISCA) to “Hold”

BidaskClub upgraded shares of International Speedway (NASDAQ:ISCA) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised International Speedway from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Tuesday, October 10th. Citigroup reaffirmed a sell rating and set a $31.00 price objective (up previously from $30.00) on shares of International Speedway in a report on Monday, October 9th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. International Speedway currently has an average rating of Hold and an average price target of $38.50.

International Speedway (ISCA) opened at $40.90 on Friday. The stock has a market capitalization of $1,820.00, a PE ratio of 26.71, a price-to-earnings-growth ratio of 6.12 and a beta of 1.13. International Speedway has a twelve month low of $32.25 and a twelve month high of $41.95. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.19.

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

Several hedge funds have recently modified their holdings of ISCA. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of International Speedway 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 buying an additional 217 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of International Speedway by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,682 shares of the company’s stock worth $213,000 after buying an additional 850 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of International Speedway during the second quarter worth about $243,000. Louisiana State Employees Retirement System grew its holdings in shares of International Speedway by 3.1% during the second 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 during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of International Speedway by 333.1% during the second 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 during the last quarter. 50.37% of the stock is currently owned by institutional investors.

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