ICF International (ICFI) Raised to “Buy” at Zacks Investment Research

ICF International (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $59.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.49% from the company’s current price.

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. “

Other research analysts also recently issued reports about the company. ValuEngine raised ICF International from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub raised ICF International from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Noble Financial reissued a “hold” rating on shares of ICF International in a report on Tuesday, November 7th. Finally, Wells Fargo & Co boosted their target price on ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.50.

ICF International (NASDAQ:ICFI) opened at $53.40 on Friday. The company has a market capitalization of $995.48, a P/E ratio of 21.19, a PEG ratio of 1.62 and a beta of 0.87. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.39. ICF International has a 1-year low of $40.20 and a 1-year high of $56.55.

A number of large investors have recently bought and sold shares of the business. Systematic Financial Management LP lifted its holdings in ICF International by 24.9% during the 4th quarter. Systematic Financial Management LP now owns 199,118 shares of the business services provider’s stock worth $10,454,000 after buying an additional 39,686 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in ICF International by 5.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 53,914 shares of the business services provider’s stock worth $2,830,000 after buying an additional 2,936 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in ICF International by 96.1% during the 4th quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock worth $16,247,000 after buying an additional 151,661 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in ICF International by 2,973.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock worth $2,734,000 after buying an additional 49,036 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in ICF International by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock worth $1,590,000 after buying an additional 2,265 shares in the last quarter. 92.28% 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.

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