ICF International (NASDAQ:ICFI) Raised to Buy at Sidoti

ICF International (NASDAQ:ICFI) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm currently has a $185.00 price target on the business services provider’s stock. Sidoti’s price target indicates a potential upside of 36.76% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Truist Financial upped their target price on shares of ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 1st. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Barrington Research reissued an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Friday, September 20th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $177.25.

ICF International Stock Performance

Shares of ICFI stock opened at $135.27 on Tuesday. The company has a market capitalization of $2.54 billion, a P/E ratio of 23.77 and a beta of 0.61. ICF International has a 52 week low of $128.28 and a 52 week 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 company’s 50 day moving average price is $166.75 and its two-hundred day moving average price is $154.38.

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 net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million during the quarter, compared to analysts’ expectations of $528.02 million. During the same period last year, the business earned $1.81 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts expect that ICF International will post 7.45 earnings per share for the current fiscal year.

Insider Transactions at ICF International

In other ICF International news, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the transaction, the chief operating officer now owns 37,663 shares of the company’s stock, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $593,293.71. This represents a 29.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,823 shares of company stock valued at $1,165,078. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ICF International

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC acquired a new stake in ICF International during the 1st quarter valued at approximately $167,000. Marshall Wace LLP bought a new position in ICF International during the 2nd quarter worth approximately $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International in the 3rd quarter worth approximately $342,000. Finally, Martingale Asset Management L P boosted its stake in shares of ICF International by 25.5% in 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 purchasing an additional 690 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

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.