SunTrust Banks, Inc. Reiterates “Buy” Rating for ICF International, Inc. (ICFI)
ICF International, Inc. (NASDAQ:ICFI)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research report issued on Tuesday. They presently have a $56.00 target price on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 26.41% from the stock’s previous close.
Several other brokerages have also issued reports on ICFI. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a research note on Sunday, May 7th. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, May 9th. Barrington Research lifted their price objective on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 18th. Finally, BidaskClub lowered shares of ICF International from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. ICF International currently has a consensus rating of “Hold” and an average target price of $57.00.
Shares of ICF International (ICFI) traded up 1.524% during midday trading on Tuesday, reaching $44.975. 24,013 shares of the company were exchanged. The company’s 50-day moving average price is $45.58 and its 200 day moving average price is $45.48. The stock has a market capitalization of $842.56 million, a price-to-earnings ratio of 18.062 and a beta of 0.81. ICF International has a 52-week low of $40.20 and a 52-week high of $59.55.
ICF International (NASDAQ:ICFI) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The company had revenue of $306.39 million for 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 company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities analysts predict that ICF International will post $2.99 earnings per share for the current year.
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In other news, COO John Wasson sold 626 shares of ICF International stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $47.50, for a total value of $29,735.00. Following the sale, the chief operating officer now directly owns 54,160 shares in the company, valued at $2,572,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.48% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in ICF International by 5.3% in the second quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock worth $16,916,000 after buying an additional 18,151 shares during the period. California Public Employees Retirement System increased its position in shares of 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 worth $1,281,000 after buying an additional 6,000 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of ICF International by 19.5% in the second quarter. Thrivent Financial For Lutherans now owns 256,453 shares of the business services provider’s stock worth $12,079,000 after buying an additional 41,843 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of ICF International by 163.3% in the second quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock worth $3,436,000 after buying an additional 45,251 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of ICF International by 6.3% in the second quarter. Teachers Advisors LLC now owns 32,729 shares of the business services provider’s stock worth $1,542,000 after buying an additional 1,946 shares during the last quarter. Institutional investors own 90.26% 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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