ICF International (ICFI) Stock Rating Upgraded by Zacks Investment Research
ICF International (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $60.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.78% 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. “
A number of other research analysts have also commented on the company. BidaskClub lowered ICF International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Tuesday, November 7th. ValuEngine lowered ICF International from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Wells Fargo & Co upped their target price 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. Finally, SunTrust Banks restated a “buy” rating and issued a $62.00 target price on shares of ICF International in a research note on Friday, September 22nd. One equities research 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 has an average rating of “Hold” and an average target price of $58.75.
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 analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $305.30 million during the quarter, compared to analyst estimates of $311.49 million. ICF International had a return on equity of 10.14% and a net margin of 4.05%. ICF International’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. equities research analysts anticipate that ICF International will post 3 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. acquired a new position in shares of ICF International in the third quarter valued at $214,000. First Quadrant L P CA raised its stake in shares of ICF International by 23.2% in the third quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 2,483 shares in the last quarter. California Public Employees Retirement System grew its position in ICF International by 28.3% in the second quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock valued at $1,281,000 after acquiring an additional 6,000 shares during the period. Systematic Financial Management LP grew its position in ICF International by 3.5% in the second quarter. Systematic Financial Management LP now owns 32,395 shares of the business services provider’s stock valued at $1,526,000 after acquiring an additional 1,085 shares during the period. Finally, Teachers Advisors LLC grew its position in ICF International by 6.3% in the second quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock valued at $1,542,000 after acquiring an additional 1,946 shares during the period. Institutional investors and hedge funds own 91.39% of the company’s stock.
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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