ICF International (NASDAQ:ICFI) Upgraded by Sidoti to “Buy” Rating

ICF International (NASDAQ:ICFI) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm presently has a $185.00 price target on the business services provider’s stock. Sidoti’s price target indicates a potential upside of 36.76% from the stock’s previous close.

Several other brokerages have also recently weighed in on ICFI. Truist Financial lifted their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Barrington Research reiterated an “outperform” rating and set a $174.00 price target on shares of ICF International in a report on Friday, September 20th. Finally, StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ICF International currently has a consensus rating of “Buy” and an average price target of $177.25.

ICF International Price Performance

Shares of NASDAQ:ICFI opened at $135.27 on Tuesday. ICF International has a twelve month low of $128.28 and a twelve month high of $179.67. The stock’s 50 day moving average is $166.75 and its 200-day moving average is $154.38. 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 firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.77 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same quarter in the prior year, the company posted $1.81 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts forecast that ICF International will post 7.45 EPS for the current fiscal year.

Insider Buying and Selling

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total value of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at $563,805. The trade was a 28.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the transaction, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,823 shares of company stock valued at $1,165,078. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

Several large investors have recently modified their holdings of ICFI. Pier Capital LLC purchased a new stake in shares of ICF International during the 3rd quarter valued at approximately $6,579,000. Congress Asset Management Co. lifted its position in shares of ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 34,299 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after acquiring an additional 18,109 shares during the period. Tilia Fiduciary Partners Inc. bought a new position in shares of ICF International in the third quarter worth $2,364,000. Finally, BNP Paribas Financial Markets grew its position in shares of ICF International by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after purchasing an additional 8,548 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.