International Speedway (ISCA) Given New $40.00 Price Target at Citigroup

International Speedway (NASDAQ:ISCA) had its price objective boosted by Citigroup from $31.00 to $40.00 in a report issued on Tuesday. Citigroup currently has a sell rating on the stock.

Several other research firms also recently issued reports on ISCA. BidaskClub raised shares of International Speedway from a sell rating to a hold rating in a research report on Saturday, December 16th. Zacks Investment Research upgraded International Speedway from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 30th.

Shares of International Speedway (NASDAQ ISCA) opened at $43.90 on Tuesday. International Speedway has a 52-week low of $32.25 and a 52-week high of $47.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a market cap of $1,990.00, a price-to-earnings ratio of 17.63, a P/E/G ratio of 5.53 and a beta of 1.30.

International Speedway (NASDAQ:ISCA) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. International Speedway had a net margin of 16.50% and a return on equity of 5.09%. The business had revenue of $226.26 million during the quarter, compared to the consensus estimate of $222.36 million. During the same quarter last year, the firm posted $0.72 EPS. International Speedway’s revenue was up 2.0% compared to the same quarter last year. equities analysts forecast that International Speedway will post 2.09 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Community Bank N.A. bought a new position in International Speedway during the 4th quarter valued at $104,000. Crossmark Global Holdings Inc. bought a new position in International Speedway during the 4th quarter valued at $206,000. Susquehanna International Group LLP bought a new position in International Speedway during the 2nd quarter valued at $243,000. Victory Capital Management Inc. lifted its stake in International Speedway by 27.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,225 shares of the company’s stock valued at $260,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in International Speedway during the 4th quarter valued at $339,000. Institutional investors and hedge funds own 50.48% of the company’s stock.

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About International Speedway

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the United States. The Company’s motorsports themed event operations consist of racing events at its motorsports entertainment facilities. As of November 30, 2016, the Company owned and/or operated 13 of the nation’s motorsports entertainment facilities: Daytona International Speedway in Florida; Talladega Superspeedway in Alabama; Michigan International Speedway in Michigan; Auto Club Speedway of Southern California in California; Kansas Speedway in Kansas; Richmond International Raceway in Virginia; Darlington Raceway in South Carolina; Chicagoland Speedway in Illinois; Martinsville Speedway in Virginia; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Watkins Glen International in New York, and Route 66 Raceway in Illinois.

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