ICF International, Inc. (NASDAQ:ICFI) Given Average Rating of "Moderate Buy" by Analysts

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $127.20.

A number of research firms have recently weighed in on ICFI. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Truist Financial lowered their price objective on ICF International from $97.00 to $85.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group dropped their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $102.00 target price on shares of ICF International in a research note on Wednesday, June 11th.

ICF International Price Performance

ICFI stock traded up $0.28 during mid-day trading on Friday, hitting $88.54. 53,345 shares of the stock were exchanged, compared to its average volume of 200,149. The business has a fifty day moving average price of $85.41 and a 200 day moving average price of $96.63. ICF International has a 12 month low of $75.91 and a 12 month high of $179.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.19 and a beta of 0.50.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $487.62 million during the quarter, compared to the consensus estimate of $487.28 million. ICF International had a return on equity of 14.84% and a net margin of 5.45%. ICF International's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, sell-side analysts anticipate that ICF International will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be given a $0.14 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.63%. ICF International's dividend payout ratio is currently 9.61%.

Insider Activity at ICF International

In other ICF International news, Director Scott B. Salmirs purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $83.98 per share, with a total value of $104,975.00. Following the completion of the purchase, the director directly owned 7,653 shares of the company's stock, valued at $642,698.94. The trade was a 19.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Randall Mehl acquired 2,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was bought at an average price of $84.40 per share, with a total value of $168,800.00. Following the completion of the acquisition, the director directly owned 17,754 shares in the company, valued at approximately $1,498,437.60. This represents a 12.70% increase in their position. The disclosure for this purchase can be found here. 1.48% of the stock is currently owned by insiders.

Institutional Trading of ICF International

Institutional investors and hedge funds have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of ICF International in the 4th quarter worth approximately $149,000. Cibc World Markets Corp bought a new position in ICF International in the fourth quarter worth $208,000. Ethic Inc. purchased a new position in ICF International during the fourth quarter valued at $292,000. Millstone Evans Group LLC bought a new stake in shares of ICF International during the 4th quarter valued at $447,000. Finally, Martingale Asset Management L P boosted its holdings in shares of ICF International by 103.0% during the 4th quarter. Martingale Asset Management L P now owns 6,899 shares of the business services provider's stock valued at $822,000 after buying an additional 3,500 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

ICF International Company Profile

ICF International, Inc provides management, 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, business, market, business, communication, and technology challenges.