ICF International (NASDAQ:ICFI) Stock Rating Raised to "Strong-Buy" at Wall Street Zen

ICF International (NASDAQ:ICFI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings upgraded shares of ICF International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Barrington Research set a $110.00 price target on shares of ICF International in a research note on Friday, August 14th. Finally, Truist Financial raised their price target on shares of ICF International from $80.00 to $90.00 and gave the company a "hold" rating in a report on Monday, November 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

ICF International Price Performance

Shares of ICF International stock traded down $0.96 during trading on Friday, reaching $81.26. The company's stock had a trading volume of 137,986 shares, compared to its average volume of 197,248. The stock has a 50-day moving average price of $87.60 and a two-hundred day moving average price of $78.68. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.34. ICF International has a one year low of $58.83 and a one year high of $100.63. The stock has a market capitalization of $1.46 billion, a P/E ratio of 15.30 and a beta of 0.45.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.06. ICF International had a net margin of 5.29% and a return on equity of 11.81%. The business had revenue of $470.50 million for the quarter, compared to the consensus estimate of $490.83 million. During the same quarter in the prior year, the company earned $1.67 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that ICF International will post 7.09 EPS for the current fiscal year.

Insider Buying and Selling

In other ICF International news, CEO John Wasson sold 6,400 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total transaction of $565,248.00. Following the transaction, the chief executive officer directly owned 6,339 shares in the company, valued at approximately $559,860.48. This represents a 50.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sergio J. Ostria sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total transaction of $177,180.00. Following the transaction, the executive vice president owned 24,467 shares in the company, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,400 shares of company stock worth $995,388 over the last three months. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently modified their holdings of ICFI. Root Financial Partners LLC acquired a new position in ICF International in the third quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its stake in ICF International by 73.2% in the third quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider's stock valued at $28,000 after acquiring an additional 142 shares during the last quarter. GAMMA Investing LLC boosted its stake in ICF International by 41.3% in the third quarter. GAMMA Investing LLC now owns 472 shares of the business services provider's stock valued at $39,000 after acquiring an additional 138 shares during the last quarter. Allworth Financial LP acquired a new stake in ICF International during the 2nd quarter worth $86,000. Finally, Nisa Investment Advisors LLC grew its holdings in ICF International by 11.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider's stock worth $136,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

ICF International Company Profile

ICF International, Inc. is a consulting and technology services company headquartered in Reston, Virginia. Founded in 1969 as the Inner City Fund, the company works with government agencies and commercial clients, combining advisory services with technology implementation and digital solutions. Its work spans energy and climate, environmental management, health, social programs, and disaster recovery. ICF also provides policy research, data analytics, program management, strategic communications, and technology services, including support for digital transformation and cybersecurity initiatives.

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