ICF International Inc. (ICFI) Downgraded by Zacks Investment Research
ICF International Inc. (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
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 boosted their target price on ICF International from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. ICF International presently has an average rating of “Hold” and an average target price of $50.00.
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Shares of ICF International (NASDAQ:ICFI) traded down 0.76% on Wednesday, hitting $44.62. The stock had a trading volume of 74,828 shares. ICF International has a 52-week low of $30.29 and a 52-week high of $45.83. The firm’s 50-day moving average price is $43.26 and its 200 day moving average price is $40.40. The firm has a market cap of $846.53 million, a PE ratio of 20.26 and a beta of 1.15.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $294.06 million. ICF International had a return on equity of 10.23% and a net margin of 3.67%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities research analysts predict that ICF International will post $2.88 EPS for the current year.
In other news, EVP Ellen Glover sold 10,839 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $45.00, for a total transaction of $487,755.00. Following the completion of the transaction, the executive vice president now directly owns 36,133 shares of the company’s stock, valued at approximately $1,625,985. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Sudhakar Kesavan sold 9,633 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $43.00, for a total value of $414,219.00. Following the transaction, the chairman now directly owns 142,731 shares of the company’s stock, valued at $6,137,433. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Wanger Asset Management LLC acquired a new position in ICF International during the second quarter valued at about $21,211,000. Lord Abbett & CO. LLC boosted its position in ICF International by 279.3% in the second quarter. Lord Abbett & CO. LLC now owns 353,752 shares of the company’s stock valued at $14,468,000 after buying an additional 260,484 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in ICF International during the second quarter valued at about $7,177,000. NWQ Investment Management Company LLC boosted its position 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 valued at $18,215,000 after buying an additional 96,570 shares in the last quarter. Finally, Nicholas Co. Inc. WI acquired a new position in ICF International during the second quarter valued at about $3,537,000. 92.69% of the stock is owned by institutional investors and hedge funds.
ICF International Company Profile
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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