D. Boral Capital Reaffirms Outperform Rating for ICF International (NASDAQ:ICFI)

ICF International (NASDAQ:ICFI)‘s stock had its “outperform” rating reiterated by research analysts at D. Boral Capital in a research note issued to investors on Monday,Benzinga reports. They currently have a $174.00 target price on the business services provider’s stock. D. Boral Capital’s price target points to a potential upside of 38.01% from the stock’s current price.

Several other equities analysts have also commented on ICFI. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Truist Financial decreased their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

ICF International Trading Up 0.6 %

NASDAQ ICFI traded up $0.80 during trading on Monday, reaching $126.08. 85,260 shares of the stock traded hands, compared to its average volume of 115,142. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 22.16 and a beta of 0.54. The stock’s 50-day moving average price is $154.41 and its 200 day moving average price is $152.62. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a fifty-two week low of $124.78 and a fifty-two week high of $179.67.

ICF International (NASDAQ:ICFI) last announced 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 net margin of 5.38% and a return on equity of 14.68%. The business had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. During the same quarter in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts predict that ICF International will post 7.35 EPS for the current year.

Insider Activity

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have 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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after purchasing an additional 58 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ICF International during the second quarter valued at approximately $301,000. AlphaMark Advisors LLC bought a new stake in shares of ICF International during the third quarter valued at approximately $342,000. Martingale Asset Management L P grew its position in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after acquiring an additional 690 shares during the period. Finally, Captrust Financial Advisors grew its position in ICF International by 36.5% in the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 967 shares during the period. Hedge funds and other 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.