ICF International, Inc. (ICFI) Receives Average Rating of “Hold” from Analysts
ICF International, Inc. (NASDAQ:ICFI) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $60.00.
ICFI has been the subject of several research analyst reports. BidaskClub lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $56.00 price target on shares of ICF International in a report on Tuesday, August 29th. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, October 4th. Wells Fargo & Company boosted their price target on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Finally, Noble Financial reissued a “hold” rating on shares of ICF International in a report on Thursday, August 3rd.
In other ICF International news, insider Ellen Glover sold 5,631 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $50.00, for a total transaction of $281,550.00. Following the sale, the insider now directly owns 33,354 shares of the company’s stock, valued at approximately $1,667,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO John Wasson sold 13,086 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $654,300.00. Following the sale, the chief operating officer now directly owns 66,620 shares in the company, valued at $3,331,000. The disclosure for this sale can be found here. Insiders sold a total of 52,029 shares of company stock worth $2,683,653 over the last ninety days. 5.48% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. State Street Corp lifted its position in ICF International by 5.3% during the 2nd quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock worth $16,916,000 after buying an additional 18,151 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of ICF International by 19.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 256,453 shares of the business services provider’s stock valued at $12,079,000 after purchasing an additional 41,843 shares during the period. Geode Capital Management LLC raised its holdings in shares of ICF International by 10.4% in the 1st quarter. Geode Capital Management LLC now owns 187,182 shares of the business services provider’s stock valued at $7,730,000 after purchasing an additional 17,586 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of ICF International by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 173,892 shares of the business services provider’s stock valued at $8,190,000 after purchasing an additional 15,669 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of ICF International by 10.4% in the 2nd quarter. William Blair Investment Management LLC now owns 131,294 shares of the business services provider’s stock valued at $6,184,000 after purchasing an additional 12,371 shares during the period. 90.21% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of ICF International (NASDAQ ICFI) opened at 53.70 on Wednesday. ICF International has a 1-year low of $40.20 and a 1-year high of $59.55. The stock’s 50 day moving average price is $53.54 and its 200 day moving average price is $48.04. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.57 and a beta of 0.89.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The company had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up .3% on a year-over-year basis. Analysts expect that ICF International will post $2.99 EPS for the current year.
About ICF International
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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