ICF International (ICFI) Lifted to “Hold” at BidaskClub

ICF International (NASDAQ:ICFI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Wells Fargo & Co increased their price target on shares of ICF International from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. ValuEngine raised shares of ICF International from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of ICF International in a research report on Friday, September 22nd. Finally, Noble Financial reissued a “hold” rating on shares of ICF International in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $60.40.

ICF International (NASDAQ ICFI) opened at $53.20 on Friday. The company has a market cap of $986.18, a PE ratio of 21.11, a PEG ratio of 1.76 and a beta of 0.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.39. ICF International has a 52-week low of $40.20 and a 52-week high of $57.95.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate 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 10.14%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. sell-side analysts forecast that ICF International will post 3 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Investment Counselors of Maryland LLC raised its position in ICF International by 9.0% in 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. State Street Corp raised its position in ICF International by 5.3% in the second quarter. State Street Corp now owns 359,155 shares of the business services provider’s stock worth $16,916,000 after purchasing an additional 18,151 shares in the last quarter. Thrivent Financial For Lutherans raised its position in ICF International by 19.5% in 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. Bank of New York Mellon Corp grew its stake in ICF International by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 173,892 shares of the business services provider’s stock worth $8,190,000 after buying an additional 15,669 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in ICF International by 392.2% during the third quarter. Systematic Financial Management LP now owns 159,432 shares of the business services provider’s stock worth $8,601,000 after buying an additional 127,037 shares during the last quarter. 91.39% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for ICF International (NASDAQ:ICFI)

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