ICF International (NASDAQ:ICFI) Earns “Outperform” Rating from D. Boral Capital

ICF International (NASDAQ:ICFI)‘s stock had its “outperform” rating reissued by research analysts at D. Boral Capital in a research note issued on Monday,Benzinga reports. They currently have a $174.00 price objective on the business services provider’s stock. D. Boral Capital’s price target would indicate a potential upside of 37.66% from the company’s previous close.

A number of other research analysts have also commented on ICFI. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Truist Financial lowered their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Stock Up 0.4 %

ICFI opened at $126.40 on Monday. ICF International has a fifty-two week low of $124.78 and a fifty-two week high of $179.67. The business has a 50-day moving average of $152.77 and a 200-day moving average of $152.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $2.37 billion, a PE ratio of 22.21 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same period last year, the business earned $1.81 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts forecast that ICF International will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares in the company, valued at approximately $593,293.71. This trade represents a 29.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Salmirs acquired 400 shares of ICF International stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 4,038 shares of company stock valued at $705,355 in the last 90 days. 1.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently modified their holdings of ICFI. Pier Capital LLC bought a new position in shares of ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. lifted its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after buying an additional 34,299 shares during the period. Geode Capital Management LLC lifted its position in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after buying an additional 18,109 shares during the period. Tilia Fiduciary Partners Inc. bought a new position in shares of ICF International during the 3rd quarter worth approximately $2,364,000. Finally, BNP Paribas Financial Markets lifted its position in shares of ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after buying an additional 8,548 shares during the period. Institutional investors own 94.12% of the company’s stock.

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.