ICF International (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday, February 10th.
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. “
A number of other brokerages have also commented on ICFI. Wells Fargo & Co raised their price target on ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. BidaskClub raised ICF International from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. ValuEngine raised ICF International from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Noble Financial reaffirmed a “hold” rating on shares of ICF International in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. ICF International has an average rating of “Hold” and a consensus target price of $58.50.
ICF International (NASDAQ ICFI) opened at $55.50 on Friday. The company has a market capitalization of $1,034.65, a price-to-earnings ratio of 22.02, a PEG ratio of 1.69 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. ICF International has a fifty-two week low of $40.20 and a fifty-two week high of $56.95.
A number of hedge funds have recently made changes to their positions in ICFI. Ramsey Quantitative Systems bought a new position in ICF International during the fourth quarter valued at about $207,000. Eqis Capital Management Inc. bought a new position in ICF International during the third quarter valued at about $214,000. MetLife Investment Advisors LLC bought a new position in ICF International during the fourth quarter valued at about $466,000. First Quadrant L P CA boosted its position in shares of ICF International by 23.2% in the 3rd quarter. First Quadrant L P CA now owns 13,201 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 2,483 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of ICF International by 28.3% in the 2nd quarter. California Public Employees Retirement System now owns 27,200 shares of the business services provider’s stock valued at $1,281,000 after purchasing an additional 6,000 shares during the period. 88.37% of the stock is owned by institutional investors and hedge funds.
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ICF International Company Profile
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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