ICF International, Inc. (NASDAQ:ICFI) Given Average Rating of “Moderate Buy” by Analysts

ICF International, Inc. (NASDAQ:ICFI) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $127.20.

A number of equities research analysts have commented on the company. Truist Financial reduced their price target on ICF International from $97.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Barrington Research reissued an “outperform” rating and issued a $102.00 price objective on shares of ICF International in a research note on Wednesday, June 11th. Wall Street Zen downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group dropped their price objective on ICF International from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th.

ICF International Trading Down 1.2%

NASDAQ ICFI opened at $87.08 on Monday. The business’s 50-day moving average price is $84.81 and its two-hundred day moving average price is $100.68. ICF International has a 12 month low of $75.91 and a 12 month high of $179.67. The firm has a market capitalization of $1.60 billion, a PE ratio of 15.30 and a beta of 0.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

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

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 6th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.56 annualized dividend and a yield of 0.64%. ICF International’s payout ratio is currently 9.61%.

Insiders Place Their Bets

In related news, Director Randall Mehl acquired 2,000 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of $84.40 per share, with a total value of $168,800.00. Following the completion of the purchase, the director now directly owns 17,754 shares in the company, valued at $1,498,437.60. This trade represents a 12.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs acquired 1,250 shares of the stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of $83.98 per share, with a total value of $104,975.00. Following the completion of the purchase, the director now owns 7,653 shares of the company’s stock, valued at approximately $642,698.94. The trade was a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.48% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently modified their holdings of ICFI. SG Americas Securities LLC raised its stake in shares of ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after purchasing an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of ICF International in the fourth quarter worth approximately $149,000. Cibc World Markets Corp purchased a new stake in shares of ICF International in the fourth quarter worth approximately $208,000. Ethic Inc. purchased a new stake in shares of ICF International during the fourth quarter valued at approximately $292,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of ICF International during the fourth quarter valued at approximately $447,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.