ICF International (NASDAQ:ICFI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

ICFI has been the subject of several other reports. ValuEngine downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. SunTrust Banks reiterated a “buy” rating and set a $56.00 price objective on shares of ICF International in a research report on Tuesday, August 29th. Noble Financial reiterated a “hold” rating on shares of ICF International in a research report on Tuesday, November 7th. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, October 4th. Finally, Wells Fargo & Company boosted their price objective on ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. ICF International presently has a consensus rating of “Hold” and an average target price of $60.40.

Shares of ICF International (NASDAQ:ICFI) traded up $0.80 during mid-day trading on Thursday, reaching $53.30. The company’s stock had a trading volume of 59,374 shares, compared to its average volume of 88,050. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.57 and a current ratio of 1.57. ICF International has a 12 month low of $40.20 and a 12 month high of $59.55. The firm has a market capitalization of $993.64, a P/E ratio of 17.44, a P/E/G ratio of 1.75 and a beta of 0.84.

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 Zacks’ consensus estimate of $0.80 by $0.03. The company had revenue of $305.30 million during the quarter, compared to the consensus estimate of $311.49 million. ICF International had a return on equity of 10.14% and a net margin of 4.05%. ICF International’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. analysts anticipate that ICF International will post 3 earnings per share for the current fiscal year.

In related news, insider Ellen Glover sold 5,634 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $52.00, for a total transaction of $292,968.00. Following the sale, the insider now owns 33,357 shares of the company’s stock, valued at $1,734,564. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Wasson sold 12,887 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $52.50, for a total value of $676,567.50. Following the sale, the chief operating officer now directly owns 66,421 shares in the company, valued at approximately $3,487,102.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,312 shares of company stock valued at $1,232,803. Insiders own 5.48% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Investment Counselors of Maryland LLC raised its holdings in ICF International by 9.0% during the third quarter. Investment Counselors of Maryland LLC now owns 385,039 shares of the business services provider’s stock worth $20,773,000 after purchasing an additional 31,660 shares in the last quarter. State Street Corp raised its holdings in ICF International by 5.3% during the second quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock worth $16,916,000 after purchasing an additional 18,151 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in ICF International by 19.5% during the second quarter. Thrivent Financial For Lutherans now owns 256,453 shares of the business services provider’s stock worth $12,079,000 after purchasing an additional 41,843 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in ICF International by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 173,892 shares of the business services provider’s stock worth $8,190,000 after purchasing an additional 15,669 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in shares of ICF International by 392.2% in the third quarter. Systematic Financial Management LP now owns 159,432 shares of the business services provider’s stock valued at $8,601,000 after buying an additional 127,037 shares in the last quarter. 91.39% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for ICF International (NASDAQ:ICFI)

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