BidaskClub Downgrades ICF International (ICFI) to Hold

ICF International (NASDAQ:ICFI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. SunTrust Banks reaffirmed a “buy” rating and set a $56.00 price objective on shares of ICF International in a report on Tuesday, August 29th. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a report on Tuesday, November 7th. ValuEngine downgraded shares of ICF International from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Wells Fargo & Company upped their price objective on shares of ICF International from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ICF International presently has a consensus rating of “Hold” and a consensus price target of $60.40.

ICF International (ICFI) opened at $53.30 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.39. The firm has a market cap of $978.73, a PE ratio of 17.44, a P/E/G ratio of 1.75 and a beta of 0.84. ICF International has a fifty-two week low of $40.20 and a fifty-two week high of $59.55.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. The company had revenue of $305.30 million for the quarter, compared to the consensus estimate of $311.49 million. ICF International had a net margin of 4.05% and a return on equity of 10.14%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. analysts predict that ICF International will post 3 earnings per share for the current fiscal year.

In other news, insider Ellen Glover sold 5,634 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $52.00, for a total transaction 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, COO John Wasson sold 12,887 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $52.50, for a total value of $676,567.50. Following the sale, the chief operating officer now owns 66,421 shares in the company, valued at $3,487,102.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,312 shares of company stock worth $1,232,803. Insiders own 5.48% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. bought a new stake in shares of ICF International during the third quarter valued at about $214,000. First Mercantile Trust Co. increased its position in shares of ICF International by 781.7% during the second quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after buying an additional 4,690 shares during the period. SG Americas Securities LLC increased its position in shares of ICF International by 89.1% during the second quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock valued at $404,000 after buying an additional 4,042 shares during the period. Cigna Investments Inc. New bought a new stake in shares of ICF International during the second quarter valued at about $423,000. Finally, Torray LLC increased its position in shares of ICF International by 37.5% during the second quarter. Torray LLC now owns 10,691 shares of the business services provider’s stock valued at $504,000 after buying an additional 2,913 shares during the period. Hedge funds and other 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.

Analyst Recommendations for ICF International (NASDAQ:ICFI)

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