Brokerages Set ICF International, Inc. (ICFI) Target Price at $60.00

Shares of ICF International, Inc. (NASDAQ:ICFI) have received an average rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $60.00.

A number of analysts recently weighed in on ICFI shares. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $62.00 price target on shares of ICF International in a report on Friday, September 22nd. BidaskClub lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Noble Financial reissued a “hold” rating on shares of ICF International in a report on Thursday, August 3rd. Finally, ValuEngine lowered shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday.

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Shares of ICF International (NASDAQ:ICFI) traded down $2.45 during midday trading on Wednesday, hitting $50.90. 110,927 shares of the company traded hands, compared to its average volume of 75,008. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $1.00 billion, a PE ratio of 17.81, a P/E/G ratio of 1.80 and a beta of 0.83.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $305.30 million during the quarter, compared to analyst estimates of $311.49 million. ICF International had a net margin of 4.05% and a return on equity of 10.21%. ICF International’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. analysts predict that ICF International will post 2.97 EPS for the current fiscal year.

In other ICF International news, COO John Wasson sold 13,086 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $50.00, for a total value of $654,300.00. Following the transaction, the chief operating officer now directly owns 66,620 shares of the company’s stock, valued at $3,331,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James C. M. Morgan sold 4,696 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $55.00, for a total transaction of $258,280.00. Following the completion of the transaction, the insider now directly owns 22,479 shares in the company, valued at $1,236,345. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,029 shares of company stock worth $2,683,653. Insiders own 5.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of ICF International by 58.7% during the first quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after purchasing an additional 58,498 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of ICF International by 3,298.5% during the third quarter. Mutual of America Capital Management LLC now owns 50,978 shares of the business services provider’s stock worth $2,750,000 after purchasing an additional 49,478 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of ICF International by 163.3% during the second quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock worth $3,436,000 after purchasing an additional 45,251 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of ICF International by 19.5% during the second quarter. Thrivent Financial For Lutherans now owns 256,453 shares of the business services provider’s stock worth $12,079,000 after purchasing an additional 41,843 shares in the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in shares of ICF International by 9.0% during the third quarter. Investment Counselors of Maryland LLC now owns 385,039 shares of the business services provider’s stock worth $20,773,000 after purchasing an additional 31,660 shares in the last quarter. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

ICF International Company Profile

ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.

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