International Speedway (ISCA) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of International Speedway (NASDAQ:ISCA) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on ISCA. BidaskClub raised International Speedway from a sell rating to a hold rating in a research note on Thursday. Zacks Investment Research raised International Speedway from a sell rating to a hold rating in a research note on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $38.67.

ISCA stock opened at $43.22 on Friday. International Speedway has a fifty-two week low of $35.12 and a fifty-two week high of $49.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 20.29 and a beta of 1.22.

International Speedway (NASDAQ:ISCA) last posted its earnings results on Thursday, October 4th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. International Speedway had a return on equity of 5.59% and a net margin of 38.82%. The company had revenue of $159.30 million for the quarter, compared to the consensus estimate of $152.93 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. International Speedway’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts predict that International Speedway will post 1.94 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in shares of International Speedway by 9.7% in the second quarter. Federated Investors Inc. PA now owns 12,970 shares of the company’s stock worth $580,000 after buying an additional 1,149 shares during the period. Toronto Dominion Bank grew its position in shares of International Speedway by 94.8% during the second quarter. Toronto Dominion Bank now owns 2,930 shares of the company’s stock worth $131,000 after purchasing an additional 1,426 shares in the last quarter. Aperio Group LLC grew its position in shares of International Speedway by 9.4% during the second quarter. Aperio Group LLC now owns 17,609 shares of the company’s stock worth $787,000 after purchasing an additional 1,513 shares in the last quarter. KBC Group NV grew its position in shares of International Speedway by 5.6% during the second quarter. KBC Group NV now owns 30,091 shares of the company’s stock worth $1,345,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Stevens Capital Management LP grew its position in shares of International Speedway by 12.5% during the third quarter. Stevens Capital Management LP now owns 14,673 shares of the company’s stock worth $643,000 after purchasing an additional 1,628 shares in the last quarter. 50.39% of the stock is currently owned by hedge funds and other institutional investors.

About International Speedway

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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