ICF International, Inc. (ICFI) Rating Lowered to Hold at Zacks Investment Research

ICF International, Inc. (NASDAQ:ICFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

Several other equities research analysts have also issued reports on ICFI. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. BidaskClub downgraded shares of ICF International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ICF International in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Shares of ICF International (NASDAQ:ICFI) opened at 55.20 on Tuesday. The stock’s 50 day moving average price is $50.02 and its 200-day moving average price is $46.55. The company has a market cap of $1.03 billion, a PE ratio of 22.17 and a beta of 0.89. ICF International has a one year low of $40.20 and a one year high of $59.55.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The company had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same quarter last year, the business posted $0.69 EPS. ICF International’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts expect that ICF International will post $2.99 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “ICF International, Inc. (ICFI) Rating Lowered to Hold at Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/icf-international-inc-icfi-rating-lowered-to-hold-at-zacks-investment-research.html.

In related news, COO John Wasson sold 12,461 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the transaction, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James C. M. Morgan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $51.50, for a total transaction of $515,000.00. Following the completion of the transaction, the insider now directly owns 26,325 shares of the company’s stock, valued at $1,355,737.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,116 shares of company stock valued at $3,305,286. 5.48% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in ICF International by 90.3% in the 1st quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock worth $187,000 after buying an additional 2,153 shares during the period. Eqis Capital Management Inc. bought a new position in ICF International in the 3rd quarter worth approximately $214,000. First Mercantile Trust Co. boosted its holdings in ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares during the period. Marshall Wace North America L.P. bought a new position in ICF International in the 1st quarter worth approximately $309,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in ICF International in the 1st quarter worth approximately $309,000. 90.28% of the stock is owned by institutional investors.

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; he

According to Zacks, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions. “

Several other equities research analysts have also issued reports on ICFI. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. BidaskClub downgraded shares of ICF International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ICF International in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Shares of ICF International (NASDAQ:ICFI) opened at 55.20 on Tuesday. The stock’s 50 day moving average price is $50.02 and its 200-day moving average price is $46.55. The company has a market cap of $1.03 billion, a PE ratio of 22.17 and a beta of 0.89. ICF International has a one year low of $40.20 and a one year high of $59.55.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The company had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same quarter last year, the business posted $0.69 EPS. ICF International’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts expect that ICF International will post $2.99 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “ICF International, Inc. (ICFI) Rating Lowered to Hold at Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/10/icf-international-inc-icfi-rating-lowered-to-hold-at-zacks-investment-research.html.

In related news, COO John Wasson sold 12,461 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the transaction, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James C. M. Morgan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $51.50, for a total transaction of $515,000.00. Following the completion of the transaction, the insider now directly owns 26,325 shares of the company’s stock, valued at $1,355,737.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,116 shares of company stock valued at $3,305,286. 5.48% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in ICF International by 90.3% in the 1st quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock worth $187,000 after buying an additional 2,153 shares during the period. Eqis Capital Management Inc. bought a new position in ICF International in the 3rd quarter worth approximately $214,000. First Mercantile Trust Co. boosted its holdings in ICF International by 781.7% in the 2nd quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock worth $249,000 after buying an additional 4,690 shares during the period. Marshall Wace North America L.P. bought a new position in ICF International in the 1st quarter worth approximately $309,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in ICF International in the 1st quarter worth approximately $309,000. 90.28% of the stock is owned by institutional investors.

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.

Analyst Recommendations for ICF International (NASDAQ:ICFI)

Receive News & Ratings for ICF International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply