ICF International, Inc. (NASDAQ:ICFI) Receives $159.50 Average Price Target from Brokerages

ICF International, Inc. (NASDAQ:ICFI) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $159.50.

Several equities analysts have recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $173.00 target price on shares of ICF International in a report on Friday, May 31st. Truist Financial lowered ICF International from a “buy” rating to a “hold” rating and lowered their target price for the company from $168.00 to $155.00 in a report on Monday, July 1st. Finally, William Blair raised ICF International from a “market perform” rating to an “outperform” rating in a report on Monday, June 24th.

Insider Transactions at ICF International

In other news, CEO John Wasson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the transaction, the chief executive officer now directly owns 19,045 shares in the company, valued at $2,572,789.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO John Wasson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $135.09, for a total transaction of $405,270.00. Following the completion of the transaction, the chief executive officer now directly owns 19,045 shares in the company, valued at $2,572,789.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anne F. Choate sold 1,481 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $133.89, for a total value of $198,291.09. Following the transaction, the executive vice president now owns 4,785 shares of the company’s stock, valued at $640,663.65. The disclosure for this sale can be found here. Insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in ICFI. Whittier Trust Co. acquired a new stake in ICF International in the first quarter worth approximately $25,000. SG Americas Securities LLC acquired a new stake in shares of ICF International during the 1st quarter valued at $167,000. Handelsbanken Fonder AB raised its stake in ICF International by 26.2% during the 4th 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 during the period. Trust Point Inc. acquired a new stake in ICF International during the 4th quarter valued at $995,000. Finally, Torray Investment Partners LLC raised its stake in ICF International by 1.0% during the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock valued at $1,743,000 after purchasing an additional 130 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Stock Up 1.8 %

Shares of ICF International stock opened at $145.11 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The firm has a market cap of $2.72 billion, a P/E ratio of 29.49 and a beta of 0.60. ICF International has a fifty-two week low of $115.41 and a fifty-two week high of $158.00. The business has a 50-day moving average price of $141.03 and a 200 day moving average price of $143.92.

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

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 7th were given a dividend of $0.14 per share. The ex-dividend date was Friday, June 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.39%. ICF International’s dividend payout ratio is presently 11.38%.

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.