ICF International Inc (NASDAQ:ICFI) has received an average rating of “Buy” from the nine analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $72.83.
A number of brokerages have weighed in on ICFI. Barrington Research reissued a “buy” rating and set a $75.00 price target on shares of ICF International in a research note on Friday, June 8th. BidaskClub raised ICF International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research raised ICF International from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Monday, June 18th. Loop Capital increased their price target on ICF International to $79.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. Finally, ValuEngine lowered ICF International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd.
Get ICF International alerts:In related news, insider James C. M. Morgan sold 7,043 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $67.50, for a total value of $475,402.50. Following the transaction, the insider now directly owns 34,396 shares of the company’s stock, valued at approximately $2,321,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James C. M. Morgan sold 2,957 shares of the stock in a transaction on Friday, April 20th. The stock was sold at an average price of $67.50, for a total value of $199,597.50. Following the completion of the transaction, the insider now directly owns 30,310 shares in the company, valued at $2,045,925. The disclosure for this sale can be found here. Insiders sold a total of 50,508 shares of company stock worth $3,631,291 over the last ninety days. Corporate insiders own 4.67% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Copper Rock Capital Partners LLC purchased a new position in ICF International in the second quarter valued at about $27,825,000. Northern Trust Corp raised its position in ICF International by 0.7% in the first quarter. Northern Trust Corp now owns 376,365 shares of the business services provider’s stock valued at $21,998,000 after purchasing an additional 2,534 shares during the period. Thrivent Financial For Lutherans raised its position in ICF International by 34.5% in the fourth quarter. Thrivent Financial For Lutherans now owns 333,429 shares of the business services provider’s stock valued at $17,505,000 after purchasing an additional 85,518 shares during the period. Boston Partners raised its position in ICF International by 15.5% in the first quarter. Boston Partners now owns 326,253 shares of the business services provider’s stock valued at $19,069,000 after purchasing an additional 43,880 shares during the period. Finally, Millennium Management LLC raised its position in ICF International by 5.3% in the first quarter. Millennium Management LLC now owns 300,764 shares of the business services provider’s stock valued at $17,580,000 after purchasing an additional 15,038 shares during the period. 90.54% of the stock is currently owned by institutional investors.
Shares of NASDAQ:ICFI opened at $73.75 on Monday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.97 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.63 and a current ratio of 1.63. ICF International has a one year low of $41.10 and a one year high of $76.13.
ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. ICF International had a return on equity of 9.91% and a net margin of 5.27%. The company had revenue of $302.80 million for the quarter, compared to analyst estimates of $304.97 million. During the same quarter in the prior year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities research analysts forecast that ICF International will post 3.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 8th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, June 7th. ICF International’s dividend payout ratio (DPR) is currently 18.54%.
About ICF International
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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, market, business, communication, and technology challenges.
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