Truist Financial Lowers ICF International (NASDAQ:ICFI) Price Target to $140.00

ICF International (NASDAQ:ICFI) had its target price dropped by Truist Financial from $180.00 to $140.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential upside of 4.25% from the stock’s previous close.

Other analysts have also issued reports about the company. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research report on Friday, September 20th. 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. Based on data from MarketBeat.com, ICF International currently has a consensus rating of “Buy” and a consensus target price of $167.25.

ICF International Stock Performance

NASDAQ:ICFI opened at $134.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $2.52 billion, a PE ratio of 23.60 and a beta of 0.61. ICF International has a fifty-two week low of $128.28 and a fifty-two week high of $179.67. The company has a fifty day moving average of $164.38 and a two-hundred day moving average of $153.93.

ICF International (NASDAQ:ICFI) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $528.02 million. During the same quarter in the prior year, the firm earned $1.81 EPS. The company’s revenue for the quarter was up 3.1% 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 fiscal year.

Insider Activity

In other ICF International news, EVP Anne F. Choate sold 1,368 shares of ICF International stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $563,805. The trade was a 28.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the purchase, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 6,823 shares of company stock valued at $1,165,078. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ICF International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of ICF International by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock worth $73,566,000 after purchasing an additional 18,109 shares during the period. Pier Capital LLC acquired a new position in ICF International in the 3rd quarter valued at about $6,579,000. Systematic Financial Management LP increased its stake in ICF International by 0.9% during the third quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after purchasing an additional 2,484 shares during the period. Captrust Financial Advisors increased its stake in ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of ICF International by 25.5% during the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after purchasing an additional 690 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.