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

ICF International (NASDAQ:ICFI) was downgraded by equities research analysts at Truist Financial from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $155.00 price target on the business services provider’s stock, down from their prior price target of $168.00. Truist Financial’s target price points to a potential upside of 14.59% from the company’s previous close.

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

ICF International Trading Down 0.5 %

NASDAQ ICFI opened at $135.26 on Monday. The stock has a market cap of $2.53 billion, a PE ratio of 27.49 and a beta of 0.60. ICF International has a 12 month low of $114.51 and a 12 month high of $158.00. The company’s 50-day moving average price is $144.36 and its 200-day moving average price is $143.62. 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 issued its earnings results on Thursday, May 2nd. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. The business had revenue of $494.44 million for the quarter, compared to the consensus estimate of $487.95 million. ICF International had a net margin of 4.74% and a return on equity of 14.42%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. Equities research analysts forecast that ICF International will post 6.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. MA lifted its stake in shares of ICF International by 14.7% during the 1st quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock worth $46,648,000 after purchasing an additional 39,709 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of ICF International by 2.5% during the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock valued at $19,187,000 after buying an additional 3,070 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of ICF International by 5.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock valued at $19,105,000 after buying an additional 6,570 shares in the last quarter. Strs Ohio grew its position in shares of ICF International by 14.9% in the 4th 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 during the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of ICF International by 2.5% during the 1st quarter. Argent Capital Management LLC now owns 24,876 shares of the business services provider’s stock worth $3,747,000 after acquiring an additional 606 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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.