BidaskClub Lowers International Speedway (ISCA) to Sell

BidaskClub downgraded shares of International Speedway (NASDAQ:ISCA) from a hold rating to a sell rating in a research note published on Tuesday, December 5th.

Other analysts have also issued research reports about the stock. Citigroup reiterated a sell rating and issued a $31.00 price objective (up previously from $30.00) on shares of International Speedway in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of International Speedway from a sell rating to a hold rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. International Speedway presently has an average rating of Hold and an average price target of $38.50.

International Speedway (ISCA) traded down $0.10 during mid-day trading on Tuesday, reaching $39.85. 82,983 shares of the company’s stock traded hands, compared to its average volume of 104,795. International Speedway has a 52-week low of $32.25 and a 52-week 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. The company has a market cap of $1,765.31, a price-to-earnings ratio of 25.77, a P/E/G ratio of 5.91 and a beta of 1.13.

International Speedway (NASDAQ:ISCA) last posted its earnings results on Thursday, October 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. International Speedway had a net margin of 10.07% and a return on equity of 5.05%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $128.82 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. equities research analysts forecast that International Speedway will post 1.59 EPS for the current fiscal year.

Several large investors have recently modified their holdings of ISCA. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of International Speedway by 5.0% in the 2nd 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. lifted its holdings in International Speedway by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,682 shares of the company’s stock valued at $213,000 after purchasing an additional 850 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in International Speedway during the second quarter valued at about $243,000. Louisiana State Employees Retirement System lifted its holdings in International Speedway by 3.1% during the second quarter. Louisiana State Employees Retirement System now owns 6,600 shares of the company’s stock valued at $248,000 after purchasing an additional 200 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in International Speedway by 333.1% during the second quarter. Russell Investments Group Ltd. now owns 10,125 shares of the company’s stock valued at $381,000 after purchasing an additional 7,787 shares during the last quarter. 50.37% of the stock is currently owned by institutional investors.

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