ICF International, Inc. (ICFI) Upgraded by Zacks Investment Research 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 Friday. The firm currently has a $52.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.76% from the stock’s previous close.
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. “
Other research analysts have also issued research reports about the stock. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Sunday, May 7th. Barrington Research upped their price target on shares of ICF International from $49.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. ICF International currently has an average rating of “Buy” and an average target price of $55.75.
Shares of ICF International (NASDAQ:ICFI) traded up 0.32% during midday trading on Friday, reaching $46.95. 91,403 shares of the company traded hands. The company has a 50 day moving average price of $46.65 and a 200 day moving average price of $48.46. The company has a market capitalization of $882.61 million, a PE ratio of 19.49 and a beta of 0.84. ICF International has a 1-year low of $38.54 and a 1-year high of $59.55.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. ICF International had a net margin of 3.91% and a return on equity of 10.32%. The business had revenue of $296.30 million for the quarter, compared to analyst estimates of $293.28 million. During the same quarter in the prior year, the business posted $0.62 EPS. ICF International’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect that ICF International will post $3.00 earnings per share for the current year.
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In other ICF International news, CEO Sudhakar Kesavan sold 1,091 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $41.62, for a total transaction of $45,407.42. Following the transaction, the chief executive officer now owns 146,716 shares in the company, valued at approximately $6,106,319.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.48% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in ICF International by 90.3% in the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock worth $187,000 after buying an additional 2,153 shares during the last quarter. Airain ltd acquired a new stake in ICF International during the first quarter worth $235,000. MARSHALL WACE ASIA Ltd acquired a new stake in ICF International during the first quarter worth $309,000. Marshall Wace North America L.P. acquired a new stake in ICF International during the first quarter worth $309,000. Finally, Tudor Investment Corp Et Al acquired a new stake in ICF International during the fourth quarter worth $464,000. Hedge funds and other institutional investors own 91.18% of the company’s stock.
ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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