ICF International (NASDAQ:ICFI) Stock Gets Price Target Bump from Truist Financial

ICF International (NASDAQ:ICFI) had its target price boosted by research analysts at Truist Financial from $80.00 to $90.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial‘s price target would suggest a potential upside of 12.95% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on ICFI. Weiss Ratings upgraded shares of ICF International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Barrington Research set a $110.00 target price on shares of ICF International in a research note on Friday, August 14th. Finally, Wall Street Zen lowered shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, ICF International presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

ICF International Stock Performance

NASDAQ:ICFI opened at $79.68 on Monday. The company has a market capitalization of $1.43 billion, a PE ratio of 15.01 and a beta of 0.45. The company has a 50 day simple moving average of $88.29 and a two-hundred day simple moving average of $79.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.40 and a current ratio of 1.40. ICF International has a fifty-two week low of $58.83 and a fifty-two week high of $100.63.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Thursday, November 5th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.06. The firm had revenue of $470.50 million during the quarter, compared to analyst estimates of $490.83 million. ICF International had a net margin of 5.29% and a return on equity of 11.81%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 EPS. Research analysts anticipate that ICF International will post 7.08 earnings per share for the current year.

Insider Buying and Selling at ICF International

In other ICF International news, EVP Sergio J. Ostria sold 2,000 shares of ICF International stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $88.59, for a total value of $177,180.00. Following the completion of the sale, the executive vice president directly owned 24,467 shares of the company’s stock, valued at approximately $2,167,531.53. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Wasson sold 6,400 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $88.32, for a total transaction of $565,248.00. Following the transaction, the chief executive officer owned 6,339 shares in the company, valued at $559,860.48. This represents a 50.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.71% of the stock is owned by corporate insiders.

Institutional Trading of ICF International

Several large investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in ICF International in the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in ICF International by 73.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 336 shares of the business services provider’s stock worth $28,000 after buying an additional 142 shares during the period. GAMMA Investing LLC raised its stake in ICF International by 41.3% during the 3rd quarter. GAMMA Investing LLC now owns 472 shares of the business services provider’s stock worth $39,000 after buying an additional 138 shares during the period. Allworth Financial LP acquired a new position in ICF International during the 2nd quarter worth approximately $86,000. Finally, Nisa Investment Advisors LLC boosted its holdings in ICF International by 11.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,630 shares of the business services provider’s stock worth $136,000 after acquiring an additional 162 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

About ICF International

ICF International, Inc is a global consulting and technology services company that helps government agencies, businesses and nonprofit organizations address complex policy, management and operational challenges. The company combines research, advisory services, data analytics, technology implementation and strategic communications to support clients from program design through execution and evaluation.

ICF’s work spans energy and climate, environment, transportation, public health, health care, community development, disaster recovery, workforce programs and public-sector modernization.