ICF International (NASDAQ:ICFI) Stock Price Expected to Rise, Truist Financial Analyst Says

ICF International (NASDAQ:ICFI) had its price objective upped by equities research analysts at Truist Financial from $155.00 to $180.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 7.29% from the company’s current price.

Separately, Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.00.

ICF International Stock Down 0.5 %

NASDAQ ICFI opened at $167.77 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 29.49 and a beta of 0.61. The company has a 50 day moving average of $166.94 and a 200-day moving average of $152.65. ICF International has a 1-year low of $115.67 and a 1-year high of $178.18.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32. ICF International had a return on equity of 14.88% and a net margin of 5.38%. The firm had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same period in the prior year, the company posted $1.81 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that ICF International will post 7.06 earnings per share for the current fiscal year.

Insider Activity at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO James C. M. Morgan sold 2,500 shares of ICF International stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,285 shares of company stock valued at $897,398. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. bought a new stake in shares of ICF International in the first quarter worth $25,000. Farther Finance Advisors LLC lifted 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 buying an additional 58 shares during the period. SG Americas Securities LLC bought a new stake in shares of ICF International in the 1st quarter valued at about $167,000. Marshall Wace LLP acquired a new stake in shares of ICF International in the second quarter valued at about $301,000. Finally, AlphaMark Advisors LLC bought a new position in shares of ICF International during the third quarter worth about $342,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.