ICF International, Inc. (NASDAQ:ICFI) Receives $168.60 Consensus PT from Brokerages

Shares of ICF International, Inc. (NASDAQ:ICFI) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $168.60.

Several equities analysts recently commented on ICFI shares. Truist Financial cut their price target on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Barrington Research reaffirmed an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. D. Boral Capital reissued an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Finally, Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 19th.

ICF International Stock Performance

Shares of NASDAQ:ICFI opened at $120.11 on Friday. The firm has a fifty day simple moving average of $134.33 and a two-hundred day simple moving average of $149.37. ICF International has a 52 week low of $114.99 and a 52 week high of $179.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.25 billion, a P/E ratio of 21.11 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 earnings per share. On average, analysts expect that ICF International will post 7.35 earnings per share for the current fiscal year.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 6th were given a dividend of $0.14 per share. The ex-dividend date was Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.47%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

Insider Transactions at ICF International

In other news, Director Scott B. Salmirs bought 400 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,038 shares of company stock valued at $705,355. Corporate insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Institutional investors have recently bought and sold shares of the stock. Pier Capital LLC acquired a new position in shares of ICF International in the 3rd quarter valued at $6,579,000. Congress Asset Management Co. grew its stake in ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares during the period. Tilia Fiduciary Partners Inc. purchased a new position in shares of ICF International in the third quarter worth about $2,364,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of ICF International by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after purchasing an additional 8,548 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Company Profile

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.