ICF International (NASDAQ:ICFI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research note issued to investors on Monday.

Several other equities analysts have also issued reports on ICFI. Barrington Research lowered their price target on ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday. D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 19th. Truist Financial lowered their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price objective (down previously from $200.00) on shares of ICF International in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and an average price target of $140.20.

ICF International Stock Performance

NASDAQ ICFI opened at $77.68 on Monday. The company’s fifty day moving average is $115.20 and its two-hundred day moving average is $141.76. ICF International has a 52-week low of $75.91 and a 52-week high of $179.67. 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 firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 13.65 and a beta of 0.56.

ICF International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is currently 9.61%.

Hedge Funds Weigh In On ICF International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after acquiring an additional 58 shares in the last quarter. SG Americas Securities LLC raised its position in ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in ICF International in the fourth quarter worth $149,000. Cibc World Markets Corp bought a new stake in shares of ICF International during the fourth quarter worth $208,000. Finally, Ethic Inc. bought a new position in shares of ICF International in the fourth quarter valued at about $292,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.