ICF International’s (ICFI) “Hold” Rating Reiterated at Canaccord Genuity Group

ICF International (NASDAQ:ICFI)‘s stock had its “hold” rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $100.00 price target on the business services provider’s stock, down from their prior price target of $200.00. Canaccord Genuity Group’s target price points to a potential upside of 26.17% from the stock’s current price.

ICFI has been the subject of several other research reports. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 19th. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Truist Financial lowered their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Finally, StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $154.60.

ICF International Trading Down 20.7 %

Shares of ICFI stock opened at $79.26 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $116.03 and a 200 day moving average of $142.44. The stock has a market capitalization of $1.49 billion, a PE ratio of 13.93 and a beta of 0.56. ICF International has a 1-year low of $77.02 and a 1-year high of $179.67.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after buying an additional 58 shares during the period. SG Americas Securities LLC raised its position in shares of ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after acquiring an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International in the 4th quarter worth approximately $149,000. Cibc World Markets Corp purchased a new position in shares of ICF International in the 4th quarter valued at approximately $208,000. Finally, Ethic Inc. bought a new stake in shares of ICF International during the fourth quarter valued at approximately $292,000. Hedge funds and other institutional investors 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.