ICF International (NASDAQ:ICFI) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI – Get Rating) from a hold rating to a buy rating in a report released on Thursday morning.

Several other research firms have also issued reports on ICFI. Truist Financial boosted their price target on shares of ICF International from $125.00 to $135.00 and gave the company a buy rating in a research report on Tuesday, January 11th. Zacks Investment Research lowered shares of ICF International from a buy rating to a hold rating and set a $94.00 price target on the stock. in a research report on Tuesday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has a consensus rating of Buy and an average target price of $117.50.

ICFI stock traded down $0.47 during mid-day trading on Thursday, hitting $99.90. The company had a trading volume of 41 shares, compared to its average volume of 83,062. The firm has a market cap of $1.88 billion, a PE ratio of 27.05 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. ICF International has a 12 month low of $84.68 and a 12 month high of $108.23. The stock’s fifty day moving average price is $94.40 and its two-hundred day moving average price is $97.69.

ICF International (NASDAQ:ICFI – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. ICF International had a net margin of 4.58% and a return on equity of 11.83%. The business had revenue of $413.00 million for the quarter, compared to analyst estimates of $401.66 million. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that ICF International will post 5.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Friday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.56 annualized dividend and a yield of 0.56%. ICF International’s dividend payout ratio is currently 15.09%.

A number of large investors have recently modified their holdings of the stock. US Bancorp DE grew its stake in ICF International by 2.6% during the third quarter. US Bancorp DE now owns 5,510 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 139 shares in the last quarter. Summit Global Investments grew its stake in ICF International by 3.3% during the fourth quarter. Summit Global Investments now owns 9,500 shares of the business services provider’s stock valued at $974,000 after acquiring an additional 300 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in ICF International during the first quarter valued at approximately $36,000. FourThought Financial LLC purchased a new position in ICF International during the third quarter valued at approximately $37,000. Finally, California State Teachers Retirement System grew its stake in ICF International by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 25,942 shares of the business services provider’s stock valued at $2,660,000 after acquiring an additional 458 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

About ICF International (Get Rating)

ICF International, Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. It 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, market, business, communication, and technology challenges.

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