Brokerages Set ICF International, Inc. (NASDAQ:ICFI) PT at $127.20

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $127.20.

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

ICF International Trading Up 1.4%

Shares of NASDAQ:ICFI traded up $1.24 during midday trading on Thursday, hitting $88.47. 151,722 shares of the stock traded hands, compared to its average volume of 193,860. The business's 50 day moving average is $84.67 and its two-hundred day moving average is $109.27. The stock has a market capitalization of $1.63 billion, a PE ratio of 15.55 and a beta of 0.48. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a one year low of $75.91 and a one year high of $179.67.

ICF International (NASDAQ:ICFI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $1.94 earnings per share (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 company had revenue of $487.62 million during the quarter, compared to the consensus estimate of $487.28 million. During the same period in the prior year, the firm earned $1.77 earnings per share. ICF International's revenue was down 1.4% on a year-over-year basis. As a group, research analysts forecast that ICF International will post 7.44 earnings per share for the current year.

ICF International Dividend Announcement

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

Institutional Investors Weigh In On ICF International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock worth $131,000 after purchasing an additional 339 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in ICF International during the fourth quarter valued at approximately $149,000. Cibc World Markets Corp purchased a new stake in ICF International during the fourth quarter valued at approximately $208,000. Ethic Inc. purchased a new stake in ICF International during the fourth quarter valued at approximately $292,000. Finally, Millstone Evans Group LLC purchased a new position in shares of ICF International during the 4th quarter worth $447,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

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.