International Speedway Corp (ISCA) Given $40.00 Consensus Price Target by Analysts

Shares of International Speedway Corp (NASDAQ:ISCA) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. International Speedway’s rating score has declined by 28.8% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus target price of $40.00 for the company and are anticipating that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned International Speedway an industry rank of 98 out of 256 based on the ratings given to its competitors.

Several analysts have commented on ISCA shares. Zacks Investment Research raised International Speedway from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. BidaskClub raised International Speedway from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. ValuEngine raised International Speedway from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. Finally, Pivotal Research lowered International Speedway from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Tuesday, September 18th.

International Speedway stock traded down $0.01 during midday trading on Friday, hitting $43.65. 233,415 shares of the company were exchanged, compared to its average volume of 141,527. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 20.46 and a beta of 0.97. International Speedway has a fifty-two week low of $35.12 and a fifty-two week high of $49.95. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.16.

Several large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of International Speedway by 0.9% in the third quarter. Legal & General Group Plc now owns 25,020 shares of the company’s stock worth $1,096,000 after acquiring an additional 228 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of International Speedway by 1.8% in the third quarter. Vanguard Group Inc now owns 2,303,698 shares of the company’s stock worth $100,902,000 after acquiring an additional 41,225 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of International Speedway by 723.1% in the third quarter. Marshall Wace LLP now owns 87,978 shares of the company’s stock worth $3,853,000 after acquiring an additional 77,290 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of International Speedway by 1.8% in the third quarter. Vanguard Group Inc. now owns 2,303,698 shares of the company’s stock worth $100,902,000 after acquiring an additional 41,225 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of International Speedway by 4.2% in the third quarter. Teachers Advisors LLC now owns 50,626 shares of the company’s stock worth $2,217,000 after acquiring an additional 2,047 shares during the last quarter. 50.37% of the stock is currently owned by hedge funds and other institutional investors.

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.

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