Wells Fargo & Co Raises ICF International (ICFI) Price Target to $61.00
ICF International (NASDAQ:ICFI) had its price target upped by Wells Fargo & Co from $58.00 to $61.00 in a research note released on Wednesday. Wells Fargo & Co currently has a market perform rating on the business services provider’s stock.
A number of other research analysts have also weighed in on ICFI. Zacks Investment Research raised ICF International from a hold rating to a buy rating and set a $63.00 price objective on the stock in a report on Wednesday. ValuEngine raised ICF International from a hold rating to a buy rating in a report on Tuesday, November 14th. BidaskClub raised ICF International from a strong sell rating to a sell rating in a report on Saturday, February 10th. Finally, Noble Financial reissued a hold rating on shares of ICF International in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. ICF International presently has an average rating of Hold and an average target price of $63.25.
ICF International (NASDAQ:ICFI) traded down $0.10 during trading on Wednesday, reaching $59.85. The company’s stock had a trading volume of 223,318 shares, compared to its average volume of 92,860. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.57 and a current ratio of 1.57. ICF International has a 52 week low of $40.20 and a 52 week high of $60.00. The stock has a market capitalization of $1,110.00, a PE ratio of 18.30, a PEG ratio of 1.62 and a beta of 0.76.
The company also recently disclosed a special dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 28th.
In other news, CEO Sudhakar Kesavan sold 30,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $58.00, for a total value of $1,740,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.48% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in ICFI. Geode Capital Management LLC grew its holdings in ICF International by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 174,082 shares of the business services provider’s stock worth $9,138,000 after acquiring an additional 1,836 shares during the period. California Public Employees Retirement System grew its holdings in ICF International by 8.3% during the third quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 2,265 shares during the period. First Quadrant L P CA grew its holdings in ICF International by 23.2% during the third quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock worth $712,000 after acquiring an additional 2,483 shares during the period. Mutual of America Capital Management LLC grew its holdings in ICF International by 5.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 53,914 shares of the business services provider’s stock worth $2,830,000 after acquiring an additional 2,936 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in ICF International during the fourth quarter worth about $207,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.
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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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