ICF International, Inc. (NASDAQ:ICFI) Given Consensus Rating of “Moderate Buy” by Analysts

ICF International, Inc. (NASDAQ:ICFI) has been given a consensus rating of “Moderate Buy” by the four research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $162.75.

A number of equities analysts recently commented on ICFI shares. Truist Financial raised their target price on ICF International from $148.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Barrington Research reaffirmed an “outperform” rating and issued a $173.00 target price on shares of ICF International in a report on Friday, May 31st. Finally, William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a report on Monday.

ICF International Price Performance

NASDAQ ICFI opened at $142.11 on Monday. The business’s fifty day moving average price is $143.68 and its 200-day moving average price is $143.26. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 28.88 and a beta of 0.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.19 and a quick ratio of 1.19. ICF International has a 1-year low of $114.51 and a 1-year high of $158.00.

ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, May 2nd. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The company had revenue of $494.44 million for the quarter, compared to analysts’ expectations of $487.95 million. During the same period last year, the firm earned $1.42 EPS. ICF International’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict that ICF International will post 6.79 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.39%. ICF International’s payout ratio is presently 11.38%.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently bought and sold shares of the business. Torray Investment Partners LLC increased its stake in ICF International by 1.0% in the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after buying an additional 130 shares in the last quarter. Whittier Trust Co. purchased a new stake in ICF International in the 1st quarter worth $25,000. Argent Capital Management LLC grew its position in shares of ICF International by 1.8% during the fourth quarter. Argent Capital Management LLC now owns 24,270 shares of the business services provider’s stock valued at $3,254,000 after purchasing an additional 419 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of ICF International by 26.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ICF International during the first quarter valued at about $167,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

About ICF International

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.