ICF International, Inc. (ICFI) Stock Rating Upgraded by Zacks Investment Research
ICF International, Inc. (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 $62.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.01% 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. “
ICFI has been the topic of several other research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $62.00 target price on shares of ICF International in a research note on Friday, September 22nd. BidaskClub cut shares of ICF International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Finally, Noble Financial reaffirmed a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.00.
Shares of ICF International (NASDAQ ICFI) traded down 1.039% during trading on Wednesday, hitting $54.775. 16,501 shares of the company were exchanged. The firm’s 50-day moving average price is $49.37 and its 200 day moving average price is $46.27. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.998 and a beta of 0.89. ICF International has a 12 month low of $40.20 and a 12 month high of $59.55.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities research analysts expect that ICF International will post $2.99 earnings per share for the current fiscal year.
In other ICF International news, insider Ellen Glover sold 5,631 shares of ICF International stock in a transaction on Friday, September 1st. The shares were sold at an average price of $50.00, for a total transaction of $281,550.00. Following the sale, the insider now owns 33,354 shares of the company’s stock, valued at approximately $1,667,700. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Wasson sold 626 shares of ICF International stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total transaction of $29,735.00. Following the sale, the chief operating officer now directly owns 54,160 shares in the company, valued at approximately $2,572,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,116 shares of company stock worth $3,305,286. 5.48% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of ICF International by 90.3% during the 1st quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 2,153 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of ICF International during the 3rd quarter valued at about $214,000. First Mercantile Trust Co. boosted its position in shares of ICF International by 781.7% during the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 4,690 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of ICF International during the 1st quarter valued at about $309,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of ICF International during the 1st quarter valued at about $309,000. 90.26% of the stock is currently owned by institutional investors.
ICF International Company Profile
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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