ICF International (ICFI) Downgraded by BidaskClub
BidaskClub downgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a report issued on Thursday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of ICF International from a buy rating to a hold rating in a research report on Tuesday, October 10th. Wells Fargo & Company boosted their price target on shares of ICF International from $54.00 to $58.00 and gave the stock a market perform rating in a research report on Wednesday, October 25th. ValuEngine raised shares of ICF International from a hold rating to a buy rating in a research report on Tuesday, November 14th. SunTrust Banks reissued a buy rating and set a $62.00 price target on shares of ICF International in a research report on Friday, September 22nd. Finally, Noble Financial reissued a hold rating on shares of ICF International in a research report on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $60.40.
Shares of ICF International (NASDAQ:ICFI) traded up $0.80 during mid-day trading on Thursday, hitting $53.30. 59,300 shares of the stock traded hands, compared to its average volume of 100,688. ICF International has a one year low of $40.20 and a one year high of $59.55. The firm has a market cap of $993.64, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.78 and a beta of 0.84. 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 (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share (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 analyst estimates of $311.49 million. ICF International had a net margin of 4.05% and a return on equity of 10.14%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. sell-side analysts predict that ICF International will post 3 earnings per share for the current year.
In other news, insider James C. M. Morgan sold 4,696 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $55.00, for a total transaction of $258,280.00. Following the completion of the sale, the insider now owns 22,479 shares of the company’s stock, valued at approximately $1,236,345. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ellen Glover sold 5,634 shares of the company’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 directly owns 33,357 shares of the company’s stock, valued at approximately $1,734,564. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,312 shares of company stock worth $1,232,803. 5.48% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. bought a new stake in shares of ICF International during the 3rd quarter worth approximately $214,000. First Mercantile Trust Co. lifted its stake in ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after purchasing an additional 4,690 shares during the last quarter. SG Americas Securities LLC lifted its stake in ICF International by 89.1% in the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 4,042 shares during the last quarter. Cigna Investments Inc. New bought a new position in shares of ICF International during the second quarter valued at $423,000. Finally, Torray LLC raised its stake in shares of ICF International by 37.5% during the second quarter. Torray LLC now owns 10,691 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 2,913 shares during the last quarter. 91.39% of the stock is owned by 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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