Truist Financial Lowers ICF International (NASDAQ:ICFI) Price Target to $140.00

ICF International (NASDAQ:ICFI) had its price objective reduced by analysts at Truist Financial from $180.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 3.12% from the company’s current price.

A number of other research analysts have also commented on the company. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. StockNews.com upgraded shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ICF International currently has an average rating of “Buy” and a consensus target price of $167.25.

ICF International Stock Performance

Shares of ICFI opened at $135.76 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a one year low of $128.28 and a one year high of $179.67. The company’s fifty day moving average price is $165.05 and its 200 day moving average price is $154.02. The company has a market capitalization of $2.55 billion, a PE ratio of 23.54 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same period in the previous year, the company posted $1.81 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts expect that ICF International will post 7.45 earnings per share for the current year.

Insider Activity at ICF International

In other ICF International news, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total transaction of $249,679.94. Following the sale, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 6,823 shares of company stock worth $1,165,078. 1.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in ICF International by 13.1% during 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 during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ICF International in the first quarter valued at approximately $167,000. Marshall Wace LLP bought a new position in ICF International in the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC bought a new position in ICF International in the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P lifted its holdings in ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after buying an additional 690 shares in the last quarter. 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.