ICF International, Inc. (NASDAQ:ICFI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $127.20.

A number of research analysts have commented on ICFI shares. Canaccord Genuity Group dropped their price objective on shares of ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Barrington Research decreased their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Truist Financial reduced their price objective on shares of ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd.

Institutional Trading of ICF International

Large investors have recently added to or reduced their stakes in the business. Third Avenue Management LLC raised its stake in shares of ICF International by 6.4% in the 1st quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider’s stock valued at $3,996,000 after buying an additional 2,836 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of ICF International by 25.7% in the 1st quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider’s stock valued at $3,024,000 after purchasing an additional 7,282 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of ICF International in the 1st quarter valued at approximately $661,000. Zions Bancorporation National Association UT acquired a new stake in ICF International during the 1st quarter worth approximately $1,671,000. Finally, Tributary Capital Management LLC raised its holdings in shares of ICF International by 5.1% in the first quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider’s stock valued at $18,924,000 after purchasing an additional 10,848 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

ICF International Stock Down 0.6%

ICFI stock opened at $87.23 on Thursday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 15.33 and a beta of 0.48. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a 12 month low of $75.91 and a 12 month high of $179.67. The firm has a 50-day moving average of $84.65 and a two-hundred day moving average of $109.41.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $487.62 million during the quarter, compared to analysts’ expectations of $487.28 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. As a group, analysts forecast that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, June 6th. ICF International’s payout ratio is presently 9.61%.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.