ICF International (ICFI) Stock Rating Lowered by Zacks Investment Research

ICF International (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

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. “

Several other equities research analysts have also recently weighed in on ICFI. Wells Fargo & Co increased their price target on ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. ValuEngine cut ICF International from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Noble Financial reissued a “hold” rating on shares of ICF International in a research note on Tuesday, November 7th. Finally, BidaskClub cut ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.75.

Shares of ICF International (ICFI) opened at $53.30 on Friday. The firm has a market capitalization of $1,006.69, a PE ratio of 17.94, a PEG ratio of 1.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.57 and a quick ratio of 1.57. ICF International has a one year low of $40.20 and a one year high of $56.55.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share 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 return on equity of 10.14% and a net margin of 4.05%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. sell-side analysts expect that ICF International will post 3 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. Teachers Advisors LLC grew its stake in ICF International by 6.3% during the second quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock worth $1,542,000 after purchasing an additional 1,946 shares during the period. Ameriprise Financial Inc. grew its stake in ICF International by 163.3% during the second quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock worth $3,436,000 after purchasing an additional 45,251 shares during the period. California Public Employees Retirement System grew its stake in ICF International by 28.3% during the second quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock worth $1,281,000 after purchasing an additional 6,000 shares during the period. State Street Corp grew its stake 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 during the period. Finally, Eqis Capital Management Inc. acquired a new stake in ICF International during the third quarter worth approximately $214,000. 92.33% of the stock is owned by institutional investors and hedge funds.

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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.

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