ICF International (NASDAQ:ICFI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts also recently issued reports on the company. ValuEngine downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Noble Financial restated a “hold” rating on shares of ICF International in a research report on Tuesday, November 7th. Wells Fargo & Company upped their price objective on ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of ICF International in a research report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $60.40.
Shares of ICF International (NASDAQ ICFI) traded down $0.95 during trading on Thursday, reaching $52.50. The company had a trading volume of 60,911 shares, compared to its average volume of 100,849. ICF International has a 52 week low of $40.20 and a 52 week high of $59.55. The company has a market capitalization of $998.30, a price-to-earnings ratio of 17.79, a PEG ratio of 1.79 and a beta of 0.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.57 and a current ratio of 1.57.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. ICF International had a return on equity of 10.14% and a net margin of 4.05%. The company had revenue of $305.30 million during the quarter, compared to analyst estimates of $311.49 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. sell-side analysts predict that ICF International will post 3 earnings per share for the current year.
In other news, insider Ellen Glover sold 5,634 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $52.00, for a total value of $292,968.00. Following the sale, the insider now directly owns 33,357 shares in the company, valued at $1,734,564. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider James C. M. Morgan sold 4,696 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $55.00, for a total value of $258,280.00. Following the completion of the sale, the insider now owns 22,479 shares in the company, valued at $1,236,345. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,312 shares of company stock worth $1,232,803. Company insiders own 5.48% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. purchased a new position in ICF International during the 3rd quarter worth $214,000. First Mercantile Trust Co. increased its holdings in ICF International by 781.7% during the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after purchasing an additional 4,690 shares during the period. SG Americas Securities LLC increased its holdings in ICF International by 89.1% during the 2nd quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock worth $404,000 after purchasing an additional 4,042 shares during the period. Cigna Investments Inc. New purchased a new position in ICF International during the 2nd quarter worth $423,000. Finally, Torray LLC increased its holdings in ICF International by 37.5% during the 2nd quarter. Torray LLC now owns 10,691 shares of the business services provider’s stock worth $504,000 after purchasing an additional 2,913 shares during the period. Institutional investors own 91.39% of the company’s stock.
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ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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