ICF International, Inc. (NASDAQ:ICFI) Rating Increased to Buy at Zacks Investment Research
ICF International, Inc. (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $51.00 price target on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.28% from the company’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. “
A number of other analysts also recently weighed in on ICFI. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a report on Sunday, May 7th. Barrington Research upped their price target on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.50.
ICF International (NASDAQ:ICFI) traded up 0.75% on Thursday, hitting $47.10. 52,412 shares of the stock were exchanged. The company has a market capitalization of $885.43 million, a PE ratio of 19.55 and a beta of 0.84. ICF International has a 1-year low of $38.64 and a 1-year high of $59.55. The company has a 50-day moving average price of $46.67 and a 200 day moving average price of $47.77.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.69 earnings per share for the quarter, topping 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 company had revenue of $296.30 million during the quarter, compared to the consensus estimate of $293.28 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts anticipate that ICF International will post $3.00 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of 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 valued at $187,000 after buying an additional 2,153 shares during the last quarter. Airain ltd bought a new position in shares of ICF International during the first quarter valued at approximately $235,000. MARSHALL WACE ASIA Ltd bought a new position in shares of ICF International during the first quarter valued at approximately $309,000. Marshall Wace North America L.P. bought a new position in shares of ICF International during the first quarter valued at approximately $309,000. Finally, Americafirst Capital Management LLC bought a new position in shares of ICF International during the first quarter valued at approximately $384,000. 91.18% of the stock is owned by institutional investors and hedge funds.
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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