Cowen set a $85.00 price objective on ICF International (NASDAQ:ICFI) in a research report report published on Monday morning. The firm currently has a buy rating on the business services provider’s stock.
A number of other brokerages have also weighed in on ICFI. Barrington Research set a $86.00 target price on ICF International and gave the stock a buy rating in a research note on Monday, August 13th. BidaskClub lowered ICF International from a buy rating to a hold rating in a research report on Thursday, September 20th. Finally, Loop Capital increased their price objective on ICF International to $89.00 and gave the company a buy rating in a research report on Friday, August 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. ICF International presently has an average rating of Buy and a consensus target price of $79.67.
Shares of NASDAQ ICFI opened at $68.61 on Monday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80. ICF International has a twelve month low of $50.10 and a twelve month high of $82.25.
ICF International (NASDAQ:ICFI) last announced its earnings results on Thursday, November 1st. The business services provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. The business had revenue of $333.00 million for the quarter, compared to analyst estimates of $332.19 million. ICF International had a return on equity of 10.35% and a net margin of 5.45%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Research analysts forecast that ICF International will post 3.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 16th. Stockholders of record on Friday, December 7th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.82%. ICF International’s dividend payout ratio (DPR) is presently 18.54%.
In other news, COO John Wasson sold 2,532 shares of the stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $79.58, for a total transaction of $201,496.56. Following the transaction, the chief operating officer now directly owns 51,113 shares in the company, valued at approximately $4,067,572.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.67% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in ICF International by 3.1% during the 1st quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock worth $1,669,000 after acquiring an additional 862 shares during the last quarter. Martingale Asset Management L P grew its position in ICF International by 1.2% during the 2nd quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock worth $5,266,000 after acquiring an additional 899 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in ICF International during the 3rd quarter worth approximately $118,000. Aperio Group LLC grew its position in ICF International by 12.9% during the 3rd quarter. Aperio Group LLC now owns 16,222 shares of the business services provider’s stock worth $1,224,000 after acquiring an additional 1,852 shares during the last quarter. Finally, First Quadrant L P CA grew its position in ICF International by 145.1% during the 3rd quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock worth $290,000 after acquiring an additional 2,277 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.
About ICF International
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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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