ICF International Inc. (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $49.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.52% 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. “

Separately, Stifel Nicolaus raised their target price on ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.00.

Shares of ICF International (NASDAQ:ICFI) opened at 43.94 on Tuesday. The firm’s 50-day moving average price is $41.91 and its 200 day moving average price is $39.46. ICF International has a 1-year low of $29.19 and a 1-year high of $44.44. The stock has a market capitalization of $833.63 million, a P/E ratio of 19.95 and a beta of 1.27.

ICF International (NASDAQ:ICFI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company earned $305.40 million during the quarter, compared to the consensus estimate of $294.06 million. ICF International had a return on equity of 10.23% and a net margin of 3.67%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Analysts expect that ICF International will post $2.88 EPS for the current fiscal year.

In other ICF International news, EVP Ellen Glover sold 8,952 shares of ICF International stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $43.00, for a total value of $384,936.00. Following the completion of the transaction, the executive vice president now directly owns 34,246 shares in the company, valued at $1,472,578. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Sudhakar Kesavan sold 9,633 shares of ICF International stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $43.00, for a total value of $414,219.00. Following the completion of the transaction, the chairman now owns 142,731 shares of the company’s stock, valued at $6,137,433. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its position in shares of ICF International by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 95,055 shares of the company’s stock worth $3,267,000 after buying an additional 5,703 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of ICF International by 9.8% in the first quarter. Kennedy Capital Management Inc. now owns 241,766 shares of the company’s stock worth $8,309,000 after buying an additional 21,670 shares during the last quarter. Aperio Group LLC bought a new position in shares of ICF International during the first quarter worth approximately $270,000. Zebra Capital Management LLC bought a new position in shares of ICF International during the first quarter worth approximately $610,000. Finally, Geode Capital Management LLC increased its position in shares of ICF International by 1.7% in the first quarter. Geode Capital Management LLC now owns 134,159 shares of the company’s stock worth $4,611,000 after buying an additional 2,218 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

About ICF International

ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.

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