ICF International (NASDAQ:ICFI) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a report issued on Thursday morning, ValuEngine reports.

Several other brokerages also recently commented on ICFI. BidaskClub raised shares of ICF International from a hold rating to a buy rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of ICF International from a hold rating to a buy rating and set a $88.00 target price on the stock in a research note on Tuesday, April 30th. Finally, Barrington Research reaffirmed an outperform rating and issued a $88.00 target price (up from $86.00) on shares of ICF International in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $89.00.

Shares of ICFI stock traded up $0.10 during trading hours on Thursday, hitting $82.40. 209,776 shares of the company’s stock were exchanged, compared to its average volume of 111,544. The stock has a market capitalization of $1.60 billion, a P/E ratio of 22.09, a PEG ratio of 2.04 and a beta of 0.63. ICF International has a 12-month low of $60.22 and a 12-month high of $86.38. The stock has a 50 day simple moving average of $78.67. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $366.70 million for the quarter, compared to the consensus estimate of $356.58 million. ICF International had a net margin of 4.67% and a return on equity of 11.37%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, sell-side analysts anticipate that ICF International will post 4.18 EPS for the current fiscal year.

In other ICF International news, Director Peter M. Schulte sold 1,372 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $72.51, for a total transaction of $99,483.72. Following the transaction, the director now directly owns 230,966 shares of the company’s stock, valued at approximately $16,747,344.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter M. Schulte sold 1,244 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $73.62, for a total transaction of $91,583.28. Following the transaction, the director now directly owns 232,338 shares in the company, valued at $17,104,723.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,084 shares of company stock worth $3,864,503. 4.67% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Copper Rock Capital Partners LLC increased its position in ICF International by 13.2% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 325,548 shares of the business services provider’s stock valued at $23,700,000 after purchasing an additional 38,051 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of ICF International by 21.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 278,539 shares of the business services provider’s stock valued at $20,278,000 after buying an additional 48,341 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ICF International by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 217,053 shares of the business services provider’s stock valued at $14,060,000 after buying an additional 7,452 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of ICF International during the 1st quarter valued at $10,254,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of ICF International by 2.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 110,911 shares of the business services provider’s stock valued at $8,416,000 after buying an additional 2,825 shares in the last quarter. 92.81% of the stock is currently owned by institutional investors and hedge funds.

ICF International Company Profile

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, 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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