ICF International Inc (ICFI) Receives Average Rating of “Buy” from Brokerages

ICF International Inc (NASDAQ:ICFI) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $79.60.

A number of equities analysts have issued reports on the stock. Barrington Research set a $86.00 price objective on shares of ICF International and gave the company a “buy” rating in a research report on Monday, August 13th. BidaskClub cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, Cowen set a $85.00 price objective on shares of ICF International and gave the company a “buy” rating in a research report on Monday, November 5th.

In related news, COO John Wasson sold 2,532 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $79.58, for a total transaction of $201,496.56. Following the transaction, the chief operating officer now owns 51,113 shares in the company, valued at $4,067,572.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.67% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ICFI. Harvest Fund Management Co. Ltd bought a new stake in ICF International during the third quarter worth about $118,000. First Quadrant L P CA boosted its stake in ICF International by 145.1% during the third quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock worth $290,000 after acquiring an additional 2,277 shares in the last quarter. Capital Fund Management S.A. bought a new stake in ICF International during the third quarter worth about $324,000. Ramsey Quantitative Systems boosted its stake in ICF International by 165.7% during the third quarter. Ramsey Quantitative Systems now owns 6,619 shares of the business services provider’s stock worth $499,000 after acquiring an additional 4,128 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in ICF International during the second quarter worth about $597,000. Institutional investors own 90.57% of the company’s stock.

ICFI stock opened at $68.67 on Thursday. ICF International has a 12-month low of $50.10 and a 12-month high of $82.25. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.65 and a current ratio of 1.65.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. ICF International had a net margin of 5.45% and a return on equity of 10.24%. The firm had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $332.19 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that ICF International will post 3.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Friday, December 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, December 6th. ICF International’s dividend payout ratio is currently 18.54%.

About ICF International

ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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, market, business, communication, and technology challenges.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for ICF International (NASDAQ:ICFI)

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