ICF International (NASDAQ:ICFI) Rating Increased to Strong-Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded ICF International's rating from "hold" to "strong-buy." Other analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $119.00. ICF International's stock performance shows a 52-week range of $72.03 to $136.54, with recent earnings missing estimates. Insider trading activities include stock sales and purchases by company executives. Institutional investors hold a significant portion of the stock.

ICF International (NASDAQ:ICFI - Get Free Report) was upgraded by analysts at Canaccord Genuity Group from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

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A number of other equities research analysts also recently issued reports on the company. Barrington Research decreased their price objective on ICF International from $107.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, November 20th. Weiss Ratings restated a "hold (c-)" rating on shares of ICF International in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, ICF International presently has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Get Our Latest Stock Analysis on ICFI

ICF International Price Performance

ICF International stock opened at $83.61 on Tuesday. ICF International has a 52-week low of $72.03 and a 52-week high of $136.54. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average is $84.94 and its 200 day moving average is $88.35. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 15.78 and a beta of 0.43.

ICF International (NASDAQ:ICFI - Get Free Report) last posted its earnings results on Thursday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.08). The business had revenue of $465.41 million during the quarter, compared to the consensus estimate of $485.10 million. ICF International had a return on equity of 13.40% and a net margin of 5.13%.The business's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.13 earnings per share. Sell-side analysts forecast that ICF International will post 7.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO James C. M. Morgan sold 2,400 shares of ICF International stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $95.19, for a total transaction of $228,456.00. Following the completion of the sale, the chief operating officer owned 39,704 shares of the company's stock, valued at approximately $3,779,423.76. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall Mehl purchased 500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $77.00 per share, with a total value of $38,500.00. Following the acquisition, the director directly owned 20,474 shares of the company's stock, valued at $1,576,498. This trade represents a 2.50% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.48% of the company's stock.

Institutional Trading of ICF International

A number of hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT purchased a new position in ICF International during the 1st quarter valued at about $1,671,000. Entropy Technologies LP bought a new position in ICF International in the first quarter worth approximately $661,000. Quantbot Technologies LP lifted its holdings in ICF International by 25.7% during the first quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider's stock worth $3,024,000 after buying an additional 7,282 shares during the period. Third Avenue Management LLC boosted its position in ICF International by 6.4% during the 1st quarter. Third Avenue Management LLC now owns 47,024 shares of the business services provider's stock valued at $3,996,000 after acquiring an additional 2,836 shares in the last quarter. Finally, Argent Capital Management LLC increased its holdings in shares of ICF International by 26.4% in the 2nd quarter. Argent Capital Management LLC now owns 47,946 shares of the business services provider's stock valued at $4,062,000 after acquiring an additional 10,028 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

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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.

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