ICF International (NASDAQ:ICFI) Stock Rating Lowered by StockNews.com

ICF International (NASDAQ:ICFI) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts have also recently commented on ICFI. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 19th. Barrington Research reiterated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, ICF International has an average rating of “Moderate Buy” and an average price target of $167.25.

ICF International Stock Performance

ICF International stock opened at $136.74 on Wednesday. ICF International has a 12-month low of $128.28 and a 12-month 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 company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.03 and a beta of 0.61. The firm’s fifty day moving average price is $162.65 and its 200 day moving average price is $153.61.

ICF International (NASDAQ:ICFI) last announced its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. On average, research analysts forecast that ICF International will post 7.44 EPS for the current fiscal year.

Insider Activity

In related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was 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 represents a 6.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott B. Salmirs purchased 400 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, the director now directly owns 5,803 shares of the company’s stock, 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. In the last three months, insiders sold 4,038 shares of company stock valued at $705,355. Company insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International during the 3rd quarter worth about $734,000. Geode Capital Management LLC increased its stake in shares of ICF International by 4.3% during the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after acquiring an additional 18,109 shares during the period. Pier Capital LLC bought a new stake in ICF International during the third quarter worth approximately $6,579,000. Systematic Financial Management LP lifted its position in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after purchasing an additional 2,484 shares during the period. Finally, Captrust Financial Advisors boosted its stake in ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 967 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.