ICF International, Inc. (NASDAQ:ICFI) Receives $167.25 Consensus Price Target from Analysts

ICF International, Inc. (NASDAQ:ICFI) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $168.60.

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

Insider Buying and Selling

In related news, EVP Anne F. Choate sold 1,438 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the firm’s 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 sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,038 shares of company stock worth $705,355 in the last ninety days. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the period. Congress Asset Management Co. grew its position in shares of ICF International by 10.7% in the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares during the period. Systematic Financial Management LP increased its stake in ICF International by 0.9% in the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock valued at $46,542,000 after purchasing an additional 2,484 shares during the last quarter. Peregrine Capital Management LLC lifted its position in ICF International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after buying an additional 1,367 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in ICF International by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock worth $14,778,000 after buying an additional 2,173 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

ICF International Stock Down 2.6 %

Shares of NASDAQ:ICFI opened at $119.52 on Monday. ICF International has a fifty-two week low of $118.42 and a fifty-two week high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $149.97 and its 200-day simple moving average is $151.92. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 21.01 and a beta of 0.54.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, equities research analysts predict that ICF International will post 7.35 earnings per share for the current year.

ICF International Announces Dividend

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

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.