ICF International, Inc. (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, June 16th. The firm currently has a $52.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.47% from the company’s current price.

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. “

Other analysts have also recently issued research reports about the stock. Noble Financial restated a “hold” rating on shares of ICF International in a research report on Sunday, May 7th. Barrington Research upped their price objective on shares of ICF International from $49.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.50.

ICF International (NASDAQ:ICFI) opened at 46.65 on Friday. The stock’s 50 day moving average price is $46.67 and its 200-day moving average price is $47.77. The firm has a market capitalization of $876.97 million, a P/E ratio of 19.36 and a beta of 0.83. ICF International has a 12 month low of $38.64 and a 12 month high of $59.55.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $296.30 million for the quarter, compared to the consensus estimate of $293.28 million. ICF International had a return on equity of 10.32% and a net margin of 3.91%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, analysts forecast that ICF International will post $3.00 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in ICFI. SG Americas Securities LLC boosted its position in ICF International by 90.3% in the first 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. Airain ltd purchased a new position in ICF International during the first quarter worth about $235,000. MARSHALL WACE ASIA Ltd purchased a new position in ICF International during the first quarter worth about $309,000. Marshall Wace North America L.P. purchased a new position in ICF International during the first quarter worth about $309,000. Finally, Tudor Investment Corp Et Al purchased a new position in ICF International during the fourth quarter worth about $464,000. Hedge funds and other institutional investors own 91.18% of the company’s stock.

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.

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Analyst Recommendations for ICF International (NASDAQ:ICFI)

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