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

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

Several analysts have commented on the company. Truist Financial cut their target price on ICF International from $97.00 to $85.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Barrington Research cut their target price on ICF International from $174.00 to $102.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Canaccord Genuity Group dropped 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. Finally, StockNews.com downgraded ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

ICF International Stock Performance

ICF International stock opened at $85.49 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.57 billion, a P/E ratio of 15.02 and a beta of 0.48. The stock's 50 day moving average is $84.66 and its 200 day moving average is $111.94. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67.

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

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Friday, June 6th. ICF International's payout ratio is presently 9.61%.

Institutional Investors Weigh In On ICF International

A number of large investors have recently made changes to their positions in ICFI. BNP Paribas Financial Markets boosted its holdings in ICF International by 411.7% in the fourth quarter. BNP Paribas Financial Markets now owns 90,226 shares of the business services provider's stock valued at $10,756,000 after purchasing an additional 72,595 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in ICF International by 5,171.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 73,904 shares of the business services provider's stock valued at $8,810,000 after buying an additional 72,502 shares in the last quarter. Marshall Wace LLP lifted its stake in ICF International by 2,331.0% in the 4th quarter. Marshall Wace LLP now owns 65,176 shares of the business services provider's stock valued at $7,770,000 after buying an additional 62,495 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in ICF International by 76,550.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 30,660 shares of the business services provider's stock valued at $3,655,000 after buying an additional 30,620 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in ICF International by 453.9% in the 4th quarter. Quantbot Technologies LP now owns 28,310 shares of the business services provider's stock valued at $3,375,000 after buying an additional 23,199 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

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.

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