ICF International Inc (ICFI) Receives Average Recommendation of “Hold” from Analysts

Shares of ICF International Inc (NASDAQ:ICFI) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $60.00.

Several research analysts have recently weighed in on ICFI shares. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks reiterated a “buy” rating and set a $56.00 price target on shares of ICF International in a research note on Tuesday, August 29th. Noble Financial reiterated a “hold” rating on shares of ICF International in a research note on Tuesday, November 7th. ValuEngine cut ICF International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Wells Fargo & Company increased their price objective on ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, October 25th.

In related news, insider James C. M. Morgan sold 4,696 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $55.00, for a total transaction of $258,280.00. Following the sale, the insider now owns 22,479 shares of the company’s stock, valued at approximately $1,236,345. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Wasson sold 12,887 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $52.50, for a total value of $676,567.50. Following the sale, the chief operating officer now directly owns 66,421 shares in the company, valued at approximately $3,487,102.50. The disclosure for this sale can be found here. Corporate insiders own 5.48% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. purchased a new stake in shares of ICF International in the 3rd quarter valued at about $214,000. SG Americas Securities LLC raised its holdings in shares of ICF International by 89.1% in the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock valued at $404,000 after acquiring an additional 4,042 shares in the last quarter. First Quadrant L P CA raised its holdings in shares of ICF International by 23.2% in the 3rd quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 2,483 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of ICF International by 28.3% in the 2nd quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock valued at $1,281,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of ICF International by 3.5% in the 2nd quarter. Systematic Financial Management LP now owns 32,395 shares of the business services provider’s stock valued at $1,526,000 after acquiring an additional 1,085 shares in the last quarter. 91.39% of the stock is currently owned by hedge funds and other institutional investors.

ICF International (NASDAQ ICFI) opened at $52.45 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $979.66, a price-to-earnings ratio of 17.46, a PEG ratio of 1.75 and a beta of 0.84. ICF International has a 12 month low of $40.20 and a 12 month high of $57.95.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. The company had revenue of $305.30 million during the quarter, compared to the consensus estimate of $311.49 million. ICF International had a return on equity of 10.14% and a net margin of 4.05%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 EPS. research analysts forecast that ICF International will post 3 earnings per share for the current fiscal year.

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About ICF International

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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