Canaccord Genuity Group Cuts ICF International (NASDAQ:ICFI) Price Target to $90.00

ICF International (NASDAQ:ICFI) had its price objective lowered by Canaccord Genuity Group from $100.00 to $90.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other equities research analysts have also commented on the company. Truist Financial lowered their price target on ICF International from $97.00 to $85.00 and set a “hold” rating for the company in a research report on Monday, April 14th. StockNews.com cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Barrington Research reduced their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.20.

ICF International Price Performance

ICFI stock opened at $86.76 on Thursday. 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 company’s 50-day moving average is $84.41 and its 200-day moving average is $113.24. The stock has a market capitalization of $1.60 billion, a PE ratio of 15.25 and a beta of 0.48. ICF International has a 1 year low of $75.91 and a 1 year high of $179.67.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.20. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $487.62 million for the quarter, compared to analyst estimates of $487.28 million. During the same quarter in the prior year, the company earned $1.77 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that ICF International will post 7.44 EPS for the current fiscal year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.65%. ICF International’s dividend payout ratio is 9.61%.

Institutional Investors Weigh In On ICF International

A number of institutional investors and hedge funds have recently modified their holdings of ICFI. SG Americas Securities LLC increased its holdings in ICF International by 44.4% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International in the fourth quarter worth $149,000. Cibc World Markets Corp bought a new stake in ICF International during the fourth quarter valued at $208,000. Ethic Inc. bought a new stake in shares of ICF International during the 4th quarter valued at about $292,000. Finally, Millstone Evans Group LLC purchased a new position in shares of ICF International during the fourth quarter worth about $447,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.