ICF International (NASDAQ:ICFI) Price Target Cut to $102.00 by Analysts at Barrington Research

ICF International (NASDAQ:ICFI - Get Free Report) had its price target reduced by analysts at Barrington Research from $107.00 to $102.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Barrington Research's price target indicates a potential upside of 33.37% from the company's current price.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of ICF International in a report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $112.75.

Read Our Latest Research Report on ICFI

ICF International Stock Down 0.9%

NASDAQ ICFI opened at $76.48 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. ICF International has a 52 week low of $72.03 and a 52 week high of $141.51. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.30 and a beta of 0.48. The company has a fifty day moving average of $88.63 and a two-hundred day moving average of $88.85.

ICF International (NASDAQ:ICFI - Get Free Report) last released its earnings results on Thursday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). The business had revenue of $465.41 million for the quarter, compared to the consensus estimate of $485.10 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The firm's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. On average, analysts predict that ICF International will post 7.44 earnings per share for the current year.

Insider Activity at ICF International

In other news, COO James C. M. Morgan sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $95.19, for a total value of $228,456.00. Following the completion of the sale, the chief operating officer directly owned 39,704 shares in the company, valued at $3,779,423.76. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Randall Mehl acquired 500 shares of ICF International stock in a transaction on Monday, November 17th. The shares were bought at an average price of $77.00 per share, with a total value of $38,500.00. Following the completion of the transaction, 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 disclosure for this purchase is available in the SEC filing. 1.39% of the stock is owned by insiders.

Institutional Investors Weigh In On ICF International

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

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