Zacks Investment Research Upgrades ICF International Inc. (ICFI) to Buy
ICF International Inc. (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $49.00 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 11.57% from the company’s current price.
According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “
Separately, Stifel Nicolaus lifted their price target on shares of ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.00.
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ICF International (NASDAQ:ICFI) traded down 0.07% on Tuesday, reaching $43.92. 38,326 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $41.82 and its 200 day moving average price is $39.43. ICF International has a 52-week low of $29.19 and a 52-week high of $44.44. The company has a market cap of $833.25 million, a PE ratio of 19.95 and a beta of 1.27.
ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The firm earned $305.40 million during the quarter, compared to analysts’ expectations of $294.06 million. During the same period last year, the company posted $0.63 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that ICF International will post $2.88 earnings per share for the current year.
In other ICF International news, CEO Sudhakar Kesavan sold 9,634 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $41.00, for a total transaction of $394,994.00. Following the completion of the sale, the chief executive officer now directly owns 152,364 shares in the company, valued at approximately $6,246,924. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ellen Glover sold 8,952 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $43.00, for a total transaction of $384,936.00. Following the sale, the executive vice president now owns 34,246 shares of the company’s stock, valued at $1,472,578. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ICFI. Aperio Group LLC purchased a new stake in ICF International during the first quarter worth $270,000. TIAA CREF Investment Management LLC raised its stake in ICF International by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 95,055 shares of the company’s stock worth $3,267,000 after buying an additional 5,703 shares in the last quarter. NWQ Investment Management Company LLC raised its stake in ICF International by 22.3% in the first quarter. NWQ Investment Management Company LLC now owns 529,970 shares of the company’s stock worth $18,215,000 after buying an additional 96,570 shares in the last quarter. Zebra Capital Management LLC purchased a new stake in ICF International during the first quarter worth $610,000. Finally, Geode Capital Management LLC raised its stake in ICF International by 1.7% in the first quarter. Geode Capital Management LLC now owns 134,159 shares of the company’s stock worth $4,611,000 after buying an additional 2,218 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.
About ICF International
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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