ICF International, Inc. (NASDAQ:ICFI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $168.60.

A number of equities research analysts have recently commented on the stock. Truist Financial lowered their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. D. Boral Capital reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. StockNews.com lowered ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Friday, September 20th. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $119.52 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The business’s fifty day moving average price is $150.94 and its two-hundred day moving average price is $151.99. The stock has a market cap of $2.24 billion, a PE ratio of 21.01 and a beta of 0.54. ICF International has a one year low of $118.42 and a one year high of $179.67.

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, beating 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 quarter last year, the company earned $1.81 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts forecast that ICF International will post 7.35 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.47%. ICF International’s dividend payout ratio (DPR) is 9.84%.

Insider Activity at ICF International

In related news, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated 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 owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Scott B. Salmirs bought 400 shares of ICF International stock in a transaction dated Monday, November 18th. The shares were acquired 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 owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,038 shares of company stock worth $705,355. 1.39% of the stock is currently owned by corporate insiders.

Institutional Trading of ICF International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pier Capital LLC bought a new position in ICF International during the 3rd quarter worth approximately $6,579,000. Congress Asset Management Co. raised its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after acquiring an additional 34,299 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Tilia Fiduciary Partners Inc. acquired a new position in ICF International in the third quarter worth $2,364,000. Finally, BNP Paribas Financial Markets increased its stake in ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after purchasing an additional 8,548 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

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.