ICF International, Inc. (NASDAQ:ICFI) Receives $167.25 Average Target Price from Analysts

Shares of ICF International, Inc. (NASDAQ:ICFI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $168.60.

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

Insider Buying and Selling at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs bought 400 shares of ICF International stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have sold 4,038 shares of company stock worth $705,355 over the last three months. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after purchasing an additional 58 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of ICF International during the second quarter worth about $301,000. AlphaMark Advisors LLC acquired a new position in ICF International in the 3rd quarter valued at about $342,000. Martingale Asset Management L P raised its stake in ICF International by 25.5% during the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after acquiring an additional 690 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after acquiring an additional 967 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

ICF International Stock Performance

Shares of ICFI stock opened at $119.52 on Monday. 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 firm has a market cap of $2.24 billion, a P/E ratio of 21.01 and a beta of 0.54. The firm’s 50 day moving average price is $149.97 and its 200-day moving average price is $151.92. ICF International has a one year low of $118.42 and a one year high of $179.67.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $528.02 million. During the same period in the previous year, the firm posted $1.81 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that ICF International will post 7.35 EPS for the current year.

ICF International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.47%. The ex-dividend date is Friday, December 6th. ICF International’s payout ratio is 9.84%.

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.