Truist Financial Issues Pessimistic Forecast for ICF International (NASDAQ:ICFI) Stock Price

ICF International (NASDAQ:ICFI) had its price objective reduced by analysts at Truist Financial from $180.00 to $140.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 4.25% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, November 19th. 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 price target on shares of ICF International in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ICF International currently has a consensus rating of “Buy” and an average price target of $167.25.

ICF International Stock Performance

Shares of ICF International stock opened at $134.29 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $164.38 and its two-hundred day moving average is $153.93. ICF International has a 52 week low of $128.28 and a 52 week high of $179.67. The company has a market capitalization of $2.52 billion, a PE ratio of 23.60 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. During the same period in the prior year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts expect that ICF International will post 7.44 earnings per share for the current year.

Insider Transactions at ICF International

In other news, Director Scott B. Salmirs acquired 400 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired 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 owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Wasson sold 1,417 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the completion of the sale, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This represents a 2.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,823 shares of company stock valued at $1,165,078 in the last 90 days. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently bought and sold shares of ICFI. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 58 shares during the last quarter. SG Americas Securities LLC purchased a new stake in ICF International in the first quarter valued at $167,000. Marshall Wace LLP acquired a new stake in ICF International during the 2nd quarter worth about $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International in the 3rd quarter valued at about $342,000. Finally, Martingale Asset Management L P lifted its holdings 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 buying an additional 690 shares during the period. 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.