Shares of International Speedway Corp (NASDAQ:ISCA) have earned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 12 month consensus price objective of $35.33 for the company and are expecting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also given International Speedway an industry rank of 210 out of 265 based on the ratings given to its competitors.
A number of analysts have recently issued reports on ISCA shares. Zacks Investment Research lowered International Speedway from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub lowered International Speedway from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Citigroup reaffirmed a “sell” rating and issued a $31.00 price target (up from $30.00) on shares of International Speedway in a research note on Monday, October 9th.
A number of institutional investors have recently made changes to their positions in ISCA. Russell Investments Group Ltd. lifted its position in International Speedway by 333.1% during the second quarter. Russell Investments Group Ltd. now owns 10,125 shares of the company’s stock worth $381,000 after buying an additional 7,787 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in International Speedway by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 163,503 shares of the company’s stock worth $6,140,000 after buying an additional 5,959 shares in the last quarter. Bank of New York Mellon Corp lifted its position in International Speedway by 12.5% during the second quarter. Bank of New York Mellon Corp now owns 470,023 shares of the company’s stock worth $17,650,000 after buying an additional 52,165 shares in the last quarter. Legal & General Group Plc lifted its position in International Speedway by 17.0% during the second quarter. Legal & General Group Plc now owns 19,574 shares of the company’s stock worth $734,000 after buying an additional 2,839 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in International Speedway by 118.7% during the second quarter. BNP Paribas Arbitrage SA now owns 13,828 shares of the company’s stock worth $519,000 after buying an additional 7,505 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.
Shares of International Speedway (NASDAQ:ISCA) traded down $0.70 during trading hours on Wednesday, hitting $38.90. The stock had a trading volume of 107,300 shares, compared to its average volume of 106,917. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a market capitalization of $1,730.00, a price-to-earnings ratio of 26.11, a PEG ratio of 5.78 and a beta of 1.14. International Speedway has a 12-month low of $32.25 and a 12-month high of $41.95.
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