ICF International, Inc. (NASDAQ:ICFI) Receives Average Recommendation of "Moderate Buy" from Analysts

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $127.20.

Several equities analysts have issued reports on the company. Barrington Research cut their price objective on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Truist Financial decreased their price target on shares of ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded ICF International from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group cut their price target on ICF International from $100.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th.

Institutional Investors Weigh In On ICF International

Large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after purchasing an additional 339 shares in the last quarter. Rhumbline Advisers lifted its stake in ICF International by 17.0% in the fourth quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider's stock valued at $3,651,000 after buying an additional 4,457 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of ICF International by 8.3% in the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider's stock valued at $623,000 after buying an additional 400 shares during the period. Torray Investment Partners LLC boosted its holdings in shares of ICF International by 1.2% in the fourth quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider's stock valued at $1,562,000 after buying an additional 152 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of ICF International during the fourth quarter worth $208,000. 94.12% of the stock is currently owned by institutional investors.

ICF International Price Performance

Shares of ICFI stock traded down $0.39 during mid-day trading on Monday, reaching $83.82. The company's stock had a trading volume of 158,439 shares, compared to its average volume of 197,698. The firm's 50-day moving average is $84.48 and its two-hundred day moving average is $102.44. The company has a market cap of $1.54 billion, a P/E ratio of 14.73 and a beta of 0.51. ICF International has a 1-year low of $75.91 and a 1-year high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $487.62 million during the quarter, compared to analysts' expectations of $487.28 million. During the same quarter last year, the company earned $1.77 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts predict that ICF International will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, June 6th. ICF International's payout ratio is presently 9.61%.

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.