ICF International, Inc. (NASDAQ:ICFI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $167.25.

A number of brokerages have issued reports on ICFI. Truist Financial cut their price target on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, November 19th. Barrington Research restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, StockNews.com cut shares of ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th.

ICF International Stock Down 1.3 %

ICFI stock opened at $125.28 on Monday. The business’s 50-day moving average price is $154.41 and its 200-day moving average price is $152.62. The stock has a market cap of $2.35 billion, a P/E ratio of 22.02 and a beta of 0.54. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a twelve month low of $124.78 and a twelve month high of $179.67.

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. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 earnings per share. On average, equities research analysts forecast that ICF International will post 7.35 EPS for the current year.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.45%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Activity at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now directly owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,038 shares of company stock valued at $705,355. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in ICF International by 94.1% during the third 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. Quantbot Technologies LP bought a new stake in shares of ICF International in the 3rd quarter worth about $852,000. Pier Capital LLC purchased a new position in shares of ICF International during the 3rd quarter worth about $6,579,000. Congress Asset Management Co. grew its holdings in 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 valued at $59,014,000 after purchasing an additional 34,299 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. purchased a new stake in ICF International in the 3rd quarter worth about $2,364,000. 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.