StockNews.com Downgrades ICF International (NASDAQ:ICFI) to Buy

ICF International (NASDAQ:ICFI) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Several other equities analysts also recently issued reports on the stock. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, November 19th. Barrington Research restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Friday, September 20th. Finally, Truist Financial cut their price objective 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, ICF International presently has an average rating of “Moderate Buy” and a consensus target price of $167.25.

ICF International Stock Down 1.8 %

ICFI traded down $2.45 on Wednesday, hitting $136.74. The company had a trading volume of 175,182 shares, compared to its average volume of 110,926. The stock has a fifty day moving average price of $163.19 and a 200-day moving average price of $153.73. ICF International has a 12-month low of $128.28 and a 12-month high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.03 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results 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. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million during the quarter, compared to the consensus estimate of $528.02 million. During the same quarter last year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts predict that ICF International will post 7.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at $563,805. This trade represents a 28.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Wasson sold 1,417 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $165.14, for a total transaction of $234,003.38. Following the sale, the chief executive officer now directly owns 52,605 shares in the company, valued at $8,687,189.70. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,823 shares of company stock worth $1,165,078. 1.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently made changes to their positions in ICFI. SG Americas Securities LLC grew its stake in shares of ICF International by 730.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after purchasing an additional 8,114 shares during the period. Argent Capital Management LLC lifted its position in shares of ICF International by 10.2% during the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock valued at $4,070,000 after buying an additional 2,542 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of ICF International by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock valued at $14,778,000 after buying an additional 2,173 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of ICF International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock valued at $15,817,000 after buying an additional 1,367 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider’s stock valued at $4,081,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.