November 29, 2016 - By Linda Rogers
In a report revealed to clients on Tuesday morning, Torotrak PLC (LON:TRK) stock had its “Buy” Rating restate by stock research analysts at Cantor Fitzgerald. They currently have a GBX 11.00 PT on company. Cantor Fitzgerald’s target means a potential upside of 178.48% from the company’s close price.
Out of 2 analysts covering Torotrak PLC (LON:TRK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 20 is the highest target while GBX 11 is the lowest. The GBX 13 average target is 228.28% above today’s (GBX 3.96) stock price. Torotrak PLC has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, April 21, the company rating was maintained by Cantor Fitzgerald. The stock has “Buy” rating given by Cantor Fitzgerald on Friday, July 24. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, June 29. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, May 17 report. The rating was maintained by Cantor Fitzgerald on Tuesday, November 29 with “Buy”. The firm earned “Buy” rating on Thursday, June 2 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald on Thursday, November 26 with “Buy”. The firm earned “Buy” rating on Tuesday, February 2 by Cantor Fitzgerald. As per Thursday, September 15, the company rating was maintained by Cantor Fitzgerald. The stock has “Buy” rating given by Cantor Fitzgerald on Tuesday, January 5.
About 173,303 shares traded hands or 77.69% up from the average. Torotrak plc (LON:TRK) has declined 8.28% since April 29, 2016 and is downtrending. It has underperformed by 13.54% the S&P500.
Analysts await Speedway Motorsports, Inc. (NYSE:TRK) to report earnings on March, 8.
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.22, from 1.09 in 2016Q1. The ratio improved, as 10 funds sold all Torotrak plc shares owned while 23 reduced positions. 8 funds bought stakes while 28 increased positions. They now own 9.31 million shares or 3.50% more from 8.99 million shares in 2016Q1.
Tower Cap Lc (Trc) reported 84 shares or 0% of all its holdings. Wedge Mgmt L L P Nc last reported 508,681 shares in the company. Moreover, Amer Gru has 0% invested in Torotrak plc (LON:TRK) for 6,766 shares. Legal And General Gru Public Limited Co holds 0% or 1,890 shares in its portfolio. Moreover, Pnc Fincl Gru Inc has 0% invested in Torotrak plc (LON:TRK) for 130 shares. Nationwide Fund Advisors holds 19,454 shares or 0% of its portfolio. Centaur Cap Prtn Limited Partnership last reported 3.34% of its portfolio in the stock. Marathon Prtn Equity Mgmt Ltd has 2.17% invested in the company for 290,000 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Geode Capital Ltd Liability holds 0% or 91,995 shares in its portfolio. Acadian Asset Management Limited Liability holds 0.02% or 168,359 shares in its portfolio. Blackrock Institutional Trust Communications Na reported 272,772 shares or 0% of all its holdings. The Japan-based Diam Communications Limited has invested 0.01% in Torotrak plc (LON:TRK). First Trust Advsr Limited Partnership has invested 0% of its portfolio in Torotrak plc (LON:TRK). Blackrock Grp Inc Limited owns 1,964 shares or 0% of their US portfolio.
Torotrak plc is a United Kingdom-based technology development company. The company has a market cap of 22.16 million GBP. The Firm designs, develops and delivers technologies focused on products, such as Gearless traction drive transmissions , Variable drive superchargers (V-Charge) and Mechanical kinetic energy recovery systems (Flybrid). It currently has negative earnings. The Company’s divisions include licence agreements, engineering services, and development activities, including research and the creation of new intellectual property.
According to Zacks Investment Research, “Speedway Motorsports, Inc., is a leading marketer and promoter of motorsports entertainment in the United States. The Company owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas Motor Speedway, Lowe’s Motor Speedway and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiaries and Motorsports Authentics joint venture and manufactures and distributes smaller-scale, modified racing cars through its six hundred Racing subsidiary. The Company also owns Performance Racing Network which broadcasts syndicated motorsports programming to over seven hundred thirty radio stations nationwide.”
Speedway Motorsports, Inc. (SMI), incorporated on December 20, 1994, is engaged in promoting, marketing and sponsoring motorsports activities in the United States. The Firm also provides event and non-event souvenir merchandising and distribution services, and food, beverage and hospitality catering services through its subsidiary, SMISC Holdings, Inc. (doing business as SMI Properties). The Company’s divisions include motorsports event related and all other. The Company, through its Performance Racing Network (PRN) subsidiary, provides radio programming, production and distribution. It distributes wholesale and retail motorsports, and other sports-related souvenir merchandise and apparel through its SMI Properties and SMI Trackside LLC (SMI Trackside) subsidiaries. It also makes and distributes smaller-scale, modified racing cars and parts through its subsidiary, US Legend Cars International, Inc. (Legend Cars). The Company, through its subsidiaries, owns and operates racing facilities, including Atlanta Motor Speedway (AMS), Bristol Motor Speedway (BMS), Charlotte Motor Speedway (CMS), Kentucky Speedway (KyS), Las Vegas Motor Speedway (LVMS), New Hampshire Motor Speedway (NHMS), Sonoma Raceway (SR) and Texas Motor Speedway (TMS).
More notable recent Torotrak plc (LON:TRK) news were published by: Fool.Co.Uk which released: “Is There A Way Back For Afren Plc, Blinkx Plc And Torotrak plc?” on April 30, 2015, also Rttnews.com with their article: “Torotrak HY loss narrows” published on November 29, 2016, Businesswire.com published: “World Automotive Energy Recovery Systems Market Report 2014-2022 – Analysis …” on November 03, 2016. More interesting news about Torotrak plc (LON:TRK) were released by: Businesswire.com and their article: “Automotive Transmission Systems Market to 2020 – DCT: The Transmission …” published on February 24, 2016 as well as Forbes.com‘s news article titled: “Flywheels Offer Cheaper, Lighter Alternative To Hybrids” with publication date: January 23, 2014.
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By Linda Rogers