Barrington Research Reiterates “Outperform” Rating for ICF International (NASDAQ:ICFI)

ICF International (NASDAQ:ICFIGet Free Report)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a report issued on Friday, Benzinga reports. They presently have a $173.00 price objective on the business services provider’s stock. Barrington Research’s target price points to a potential upside of 21.19% from the company’s current price.

Several other analysts also recently issued reports on ICFI. Canaccord Genuity Group restated a “buy” rating and issued a $170.00 price target on shares of ICF International in a research note on Tuesday, February 20th. Truist Financial boosted their price target on ICF International from $148.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.75.

Read Our Latest Stock Report on ICFI

ICF International Stock Up 2.4 %

ICFI stock opened at $142.75 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $2.68 billion, a PE ratio of 29.01 and a beta of 0.61. ICF International has a 1-year low of $110.11 and a 1-year high of $158.00. The business’s 50 day simple moving average is $145.32 and its 200 day simple moving average is $142.45.

ICF International (NASDAQ:ICFIGet Free Report) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.33. The business had revenue of $494.44 million for the quarter, compared to analyst estimates of $487.95 million. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. As a group, research analysts anticipate that ICF International will post 6.79 EPS for the current year.

Institutional Trading of ICF International

Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. acquired a new position in shares of ICF International during the 1st quarter worth $25,000. SG Americas Securities LLC acquired a new position in shares of ICF International during the 1st quarter worth $167,000. First National Advisers LLC acquired a new position in shares of ICF International during the 3rd quarter worth $202,000. Handelsbanken Fonder AB raised its holdings in shares of ICF International by 26.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares in the last quarter. Finally, Trust Point Inc. acquired a new position in shares of ICF International during the 4th quarter worth $995,000. 94.12% of the stock is currently owned by institutional investors.

About ICF International

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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.

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