ICF International, Inc. (NASDAQ:ICFI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on ICFI. BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Noble Financial restated a “hold” rating on shares of ICF International in a research report on Thursday, August 3rd. SunTrust Banks, Inc. restated a “buy” rating and issued a $56.00 target price on shares of ICF International in a research report on Tuesday, August 29th. Finally, Wells Fargo & Company boosted their target price on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $60.40.

Shares of ICF International (NASDAQ ICFI) traded down $2.45 during trading hours on Friday, hitting $50.90. 110,927 shares of the stock traded hands, compared to its average volume of 75,008. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.80 and a beta of 0.83. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.49.

ICF International (NASDAQ:ICFI) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $305.30 million during the quarter, compared to analysts’ expectations of $311.49 million. ICF International had a net margin of 4.05% and a return on equity of 10.21%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS. equities research analysts anticipate that ICF International will post 2.97 earnings per share for the current fiscal year.

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In related news, insider James C. M. Morgan sold 10,000 shares of ICF International stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $51.50, for a total transaction of $515,000.00. Following the sale, the insider now directly owns 26,325 shares of the company’s stock, valued at approximately $1,355,737.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellen Glover sold 5,631 shares of ICF International stock in a transaction that occurred on 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 in the company, valued at $1,667,700. The disclosure for this sale can be found here. Insiders have 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.

Several institutional investors have recently made changes to their positions in the stock. Investment Counselors of Maryland LLC grew its holdings in shares of ICF International by 9.0% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 385,039 shares of the business services provider’s stock valued at $20,773,000 after purchasing an additional 31,660 shares during the last quarter. State Street Corp grew its holdings in shares of ICF International by 5.3% during the 2nd quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock valued at $16,916,000 after purchasing an additional 18,151 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of ICF International by 19.5% during 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 last quarter. Geode Capital Management LLC grew its holdings in shares of ICF International by 10.4% during 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of ICF International by 9.9% during 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 last quarter. 90.21% of the stock is currently owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ICF International (NASDAQ:ICFI)

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