ICF International, Inc. (NASDAQ:ICFI) Receives $127.20 Average PT from Analysts

Key Points

• ICF International, Inc. received a consensus rating of "Moderate Buy" from five brokerages, including two hold recommendations and three buy ratings.
• The company recently reported earnings of $1.94 per share, exceeding analysts' expectations, though revenue decreased 1.4% compared to the previous year.
• Directors have been actively buying stock, with notable purchases including 2,000 shares by Director Randall Mehl, indicating insider confidence in the company's future.

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $127.20.

Several analysts have recently weighed in on the stock. Canaccord Genuity Group dropped 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. Wall Street Zen cut shares of ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Truist Financial dropped their price target 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. Finally, Barrington Research reissued an "outperform" rating and issued a $102.00 price target on shares of ICF International in a research note on Wednesday, June 11th.

Insider Buying and Selling

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

Hedge Funds Weigh In On ICF International

Hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International in the 4th quarter valued at approximately $149,000. Ethic Inc. purchased a new position in ICF International in the 4th quarter valued at approximately $292,000. Entropy Technologies LP purchased a new position in ICF International in the 1st quarter valued at approximately $661,000. Martingale Asset Management L P boosted its position in ICF International by 103.0% in 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 during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in ICF International in the 4th quarter valued at approximately $859,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

ICF International Price Performance

NASDAQ ICFI traded up $7.50 during trading hours on Tuesday, hitting $91.39. 141,534 shares of the company's stock traded hands, compared to its average volume of 242,431. ICF International has a 52-week low of $75.91 and a 52-week high of $179.67. The company has a market capitalization of $1.68 billion, a PE ratio of 15.67 and a beta of 0.50. 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 firm's 50-day moving average is $85.42 and its 200-day moving average is $91.99.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.84%. The company had revenue of $476.16 million during the quarter, compared to analysts' expectations of $482.84 million. During the same quarter in the prior year, the company earned $1.69 EPS. ICF International's revenue was down 7.2% compared to the same quarter last year. Equities analysts forecast that ICF International will post 7.44 EPS for the current fiscal year.

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.