ICF International (NASDAQ:ICFI) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday, BidAskClub reports.

A number of other equities analysts have also recently issued reports on ICFI. Canaccord Genuity cut their price objective on ICF International from $88.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 18th. Zacks Investment Research cut ICF International from a “hold” rating to a “sell” rating and set a $68.00 price objective for the company. in a report on Tuesday, June 2nd. Berenberg Bank raised ICF International from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 1st. SunTrust Banks lowered their target price on ICF International from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, TheStreet lowered ICF International from a “b” rating to a “c+” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.67.

ICF International stock traded up $0.50 during midday trading on Friday, hitting $67.61. 140,109 shares of the company’s stock were exchanged, compared to its average volume of 119,523. ICF International has a 52-week low of $47.75 and a 52-week high of $95.24. The stock has a 50-day moving average price of $63.29 and a two-hundred day moving average price of $71.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $1.27 billion, a P/E ratio of 20.24, a PEG ratio of 1.89 and a beta of 0.57.

ICF International (NASDAQ:ICFI) last posted its earnings results on Tuesday, May 5th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.07. ICF International had a return on equity of 11.43% and a net margin of 4.30%. The business had revenue of $358.24 million during the quarter, compared to analysts’ expectations of $363.57 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that ICF International will post 3.59 earnings per share for the current year.

In other news, Director Randall Mehl purchased 4,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $52.38 per share, for a total transaction of $209,520.00. Company insiders own 4.25% of the company’s stock.

A number of large investors have recently bought and sold shares of ICFI. Copper Rock Capital Partners LLC grew its position in ICF International by 1,968.8% in the second quarter. Copper Rock Capital Partners LLC now owns 4,109,968 shares of the business services provider’s stock worth $278,825,000 after acquiring an additional 3,911,307 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of ICF International by 10.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,078,277 shares of the business services provider’s stock valued at $74,078,000 after buying an additional 103,891 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of ICF International by 6,084.0% during the first quarter. Mutual of America Capital Management LLC now owns 61,840 shares of the business services provider’s stock valued at $4,248,000 after buying an additional 60,840 shares during the period. Tributary Capital Management LLC boosted its position in shares of ICF International by 24.5% during the first quarter. Tributary Capital Management LLC now owns 265,905 shares of the business services provider’s stock valued at $18,268,000 after buying an additional 52,309 shares during the period. Finally, GW&K Investment Management LLC boosted its position in shares of ICF International by 11.6% during the first quarter. GW&K Investment Management LLC now owns 494,282 shares of the business services provider’s stock valued at $33,957,000 after buying an additional 51,367 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

About ICF International

ICF International Inc provides management, marketing, 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, market, business, communication, and technology challenges.

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Analyst Recommendations for ICF International (NASDAQ:ICFI)

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