ICF International (NASDAQ:ICFI) Upgraded to “Outperform” at William Blair

ICF International (NASDAQ:ICFI) was upgraded by research analysts at William Blair from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, Briefing.com reports.

Several other equities research analysts also recently weighed in on ICFI. Truist Financial increased their price target on ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Barrington Research reiterated an “outperform” rating and issued a $173.00 price target on shares of ICF International in a report on Friday, May 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.75.

ICF International Trading Down 0.1 %

Shares of ICFI stock opened at $140.44 on Monday. ICF International has a 1 year low of $114.51 and a 1 year high of $158.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $143.68 and its two-hundred day simple moving average is $143.26. The company has a market cap of $2.63 billion, a PE ratio of 28.54 and a beta of 0.58.

ICF International (NASDAQ:ICFI) last issued 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 return on equity of 14.42% and a net margin of 4.74%. The business had revenue of $494.44 million for the quarter, compared to the consensus estimate of $487.95 million. During the same period in the prior year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that ICF International will post 6.79 earnings per share for the current year.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Point Inc. acquired a new stake in shares of ICF International in the 4th quarter worth $995,000. Strs Ohio lifted its position in ICF International by 14.9% during the 4th quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after acquiring an additional 7,100 shares during the period. Handelsbanken Fonder AB lifted its position in ICF International by 26.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after acquiring an additional 1,000 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of ICF International during the 4th quarter valued at about $16,126,000. Finally, Torray Investment Partners LLC raised its stake in shares of ICF International by 1.0% during the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock valued at $1,743,000 after buying an additional 130 shares during 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.