International Speedway Corporation (ISCA) Upgraded 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 note published on Tuesday morning. They currently have $45.00 price objective 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. “
A number of other research analysts also recently commented on ISCA. Citigroup Inc. restated a sell rating and issued a $30.00 target price (down previously from $31.00) on shares of International Speedway Corporation in a research note on Monday, July 10th. BidaskClub downgraded International Speedway Corporation from a sell rating to a strong sell rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $38.50.
International Speedway Corporation (ISCA) traded up 0.32% during trading on Tuesday, hitting $39.30. The stock had a trading volume of 7,538 shares. International Speedway Corporation has a 12-month low of $30.30 and a 12-month high of $40.31. The company has a 50 day moving average of $36.01 and a 200-day moving average of $35.99. The company has a market cap of $1.76 billion, a P/E ratio of 25.74 and a beta of 1.15.
International Speedway Corporation (NASDAQ:ISCA) last issued its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. International Speedway Corporation had a return on equity of 5.05% and a net margin of 10.07%. The firm had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that International Speedway Corporation will post $1.57 EPS for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in ISCA. State Board of Administration of Florida Retirement System boosted its stake in shares of International Speedway Corporation by 25.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,824 shares of the company’s stock worth $659,000 after acquiring an additional 3,663 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of International Speedway Corporation by 10.6% during the 1st quarter. Bank of New York Mellon Corp now owns 417,858 shares of the company’s stock worth $15,441,000 after acquiring an additional 40,014 shares in the last quarter. Comerica Bank boosted its stake in shares of International Speedway Corporation by 2.0% during the 1st quarter. Comerica Bank now owns 19,536 shares of the company’s stock worth $742,000 after acquiring an additional 379 shares in the last quarter. Swiss National Bank boosted its stake in shares of International Speedway Corporation by 2.6% during the 1st quarter. Swiss National Bank now owns 42,700 shares of the company’s stock worth $1,578,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of International Speedway Corporation during the 1st quarter worth about $739,000. Institutional investors own 50.71% of the company’s stock.
About International Speedway Corporation
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