Zacks Investment Research Lowers ICF International (ICFI) to Hold

Zacks Investment Research lowered shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of ICF International from a hold rating to a buy rating in a report on Thursday, February 8th. BidaskClub raised shares of ICF International from a sell rating to a hold rating in a report on Friday, December 29th. Noble Financial reaffirmed a hold rating on shares of ICF International in a report on Tuesday, November 7th. Finally, Wells Fargo & Co upped their target price on shares of ICF International from $54.00 to $58.00 and gave the stock a market perform rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $58.50.

Shares of ICF International (NASDAQ:ICFI) opened at $54.05 on Friday. ICF International has a 1-year low of $40.20 and a 1-year high of $56.55. The stock has a market cap of $995.51, a price-to-earnings ratio of 21.19, a PEG ratio of 1.62 and a beta of 0.87. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.39.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ramsey Quantitative Systems purchased a new stake in shares of ICF International in the fourth quarter valued at about $207,000. Systematic Financial Management LP grew its holdings in shares of ICF International by 24.9% in the fourth quarter. Systematic Financial Management LP now owns 199,118 shares of the business services provider’s stock valued at $10,454,000 after purchasing an additional 39,686 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of ICF International by 5.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 53,914 shares of the business services provider’s stock valued at $2,830,000 after purchasing an additional 2,936 shares during the period. GW&K Investment Management LLC grew its holdings in shares of ICF International by 96.1% in the fourth quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock valued at $16,247,000 after purchasing an additional 151,661 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of ICF International by 2,973.7% in the third quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock valued at $2,734,000 after purchasing an additional 49,036 shares during the period. 90.83% of the stock is owned by hedge funds and other institutional investors.

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About ICF International

ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.

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