ICF International (NASDAQ:ICFI) Stock Rating Lowered by Truist Financial

Truist Financial lowered shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research note published on Monday morning, MarketBeat reports. They currently have $155.00 target price on the business services provider’s stock, down from their previous target price of $168.00.

Other equities analysts have also recently issued research reports about the stock. Barrington Research reiterated an outperform rating and set a $173.00 price target on shares of ICF International in a research report on Friday, May 31st. William Blair upgraded shares of ICF International from a market perform rating to an outperform rating in a research report on Monday, June 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $159.50.

ICF International Price Performance

ICFI stock opened at $135.91 on Monday. The firm’s 50-day moving average price is $144.50 and its two-hundred day moving average price is $143.60. ICF International has a 12-month low of $114.51 and a 12-month high of $158.00. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 27.62 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.33. ICF International had a net margin of 4.74% and a return on equity of 14.42%. The firm had revenue of $494.44 million for the quarter, compared to analysts’ expectations of $487.95 million. During the same quarter in the previous year, the company earned $1.42 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that ICF International will post 6.79 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, June 7th. ICF International’s payout ratio is currently 11.38%.

Institutional Investors Weigh In On ICF International

Hedge funds have recently bought and sold shares of the business. Trust Point Inc. bought a new stake in ICF International during the fourth quarter worth about $995,000. Congress Asset Management Co. MA boosted its stake in ICF International by 14.7% during the first quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock worth $46,648,000 after acquiring an additional 39,709 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in ICF International during the fourth quarter worth about $16,126,000. Strs Ohio lifted its stake in shares of ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after buying an additional 7,100 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of ICF International by 26.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

About ICF International

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.