International Speedway (NASDAQ:ISCA) Stock Rating Lowered by BidaskClub

International Speedway (NASDAQ:ISCA) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

Several other equities analysts have also commented on the company. ValuEngine upgraded International Speedway from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded International Speedway from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.00.

International Speedway stock opened at $45.25 on Tuesday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 7.57 and a beta of 0.77. International Speedway has a 52 week low of $35.12 and a 52 week high of $49.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.15.

International Speedway (NASDAQ:ISCA) last released its earnings results on Thursday, April 4th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.03). The business had revenue of $150.55 million during the quarter, compared to analyst estimates of $150.95 million. International Speedway had a net margin of 11.45% and a return on equity of 4.88%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts predict that International Speedway will post 1.99 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp acquired a new stake in International Speedway during the fourth quarter worth about $30,000. Quadrant Capital Group LLC increased its stake in International Speedway by 2,997.4% during the first quarter. Quadrant Capital Group LLC now owns 1,177 shares of the company’s stock worth $49,000 after acquiring an additional 1,139 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in International Speedway by 18.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,901 shares of the company’s stock worth $84,000 after acquiring an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in International Speedway by 17.3% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,312 shares of the company’s stock worth $188,000 after acquiring an additional 635 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in International Speedway during the first quarter worth about $201,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

International Speedway Company Profile

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

See Also: What is the CBOE Russell 2000® Volatility Index?

Receive News & Ratings for International Speedway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Speedway and related companies with MarketBeat.com's FREE daily email newsletter.