Zacks Investment Research upgraded shares of ICF International, Inc. (NASDAQ:ICFI) from a hold rating to a buy rating in a report released on Friday, August 4th. They currently have $52.00 price objective on the business services provider’s stock.
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. “
Other analysts also recently issued research reports about the stock. Noble Financial reissued a hold rating on shares of ICF International in a research report on Sunday, May 7th. BidaskClub cut ICF International from a buy rating to a hold rating in a research note on Saturday, July 8th. Finally, Barrington Research raised their price objective on ICF International from $49.00 to $55.00 and gave the stock an outperform rating in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $57.33.
Shares of ICF International (NASDAQ ICFI) traded down 1.69% during mid-day trading on Friday, hitting $43.70. 115,645 shares of the stock traded hands. The stock has a market cap of $818.68 million, a PE ratio of 17.55 and a beta of 0.81. ICF International has a one year low of $39.81 and a one year high of $59.55. The stock has a 50-day moving average of $45.95 and a 200 day moving average of $45.76.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same quarter last year, the company earned $0.69 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that ICF International will post $2.99 EPS for the current fiscal year.
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In related news, COO John Wasson sold 12,461 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $47.50, for a total transaction of $591,897.50. Following the transaction, the chief operating officer now directly owns 65,995 shares in the company, valued at $3,134,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.48% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC boosted its stake in ICF International by 31.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,002,274 shares of the business services provider’s stock worth $41,394,000 after buying an additional 242,560 shares during the last quarter. Norges Bank bought a new stake in ICF International during the fourth quarter worth about $4,687,000. Seizert Capital Partners LLC bought a new stake in ICF International during the first quarter worth about $2,430,000. Bank of New York Mellon Corp boosted its stake in ICF International by 58.7% in the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after buying an additional 58,498 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in 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. Institutional investors own 87.65% 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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