ICF International (NASDAQ:ICFI) Sets New 52-Week Low – Time to Sell?

ICF International, Inc. (NASDAQ:ICFI)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $82.28 and last traded at $83.39, with a volume of 104261 shares. The stock had previously closed at $99.97.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial reduced their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. D. Boral Capital reissued an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price target (down from $200.00) on shares of ICF International in a research note on Friday. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.60.

ICF International Price Performance

The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 13.93 and a beta of 0.56. The stock has a fifty day simple moving average of $116.03 and a 200-day simple moving average of $142.44. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio (DPR) is currently 9.61%.

Institutional Trading of ICF International

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of ICF International by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock worth $2,941,000 after purchasing an additional 8,548 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of ICF International during the 3rd quarter worth approximately $852,000. Pier Capital LLC acquired a new stake in shares of ICF International during the 3rd quarter worth approximately $6,579,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of ICF International during the 3rd quarter worth approximately $734,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.