SunTrust Banks, Inc. Reaffirms Buy Rating for ICF International, Inc. (ICFI)
SunTrust Banks, Inc. reaffirmed their buy rating on shares of ICF International, Inc. (NASDAQ:ICFI) in a report released on Tuesday. SunTrust Banks, Inc. currently has a $56.00 price target on the business services provider’s stock.
Several other analysts have also weighed in on ICFI. Zacks Investment Research upgraded shares of ICF International from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Noble Financial reiterated a hold rating on shares of ICF International in a research note on Sunday, May 7th. Finally, Barrington Research boosted their target price on shares of ICF International from $49.00 to $55.00 and gave the company an outperform rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $57.00.
ICF International (NASDAQ ICFI) opened at 48.05 on Tuesday. ICF International has a 12 month low of $40.20 and a 12 month high of $59.55. The firm’s 50-day moving average is $45.48 and its 200 day moving average is $45.33. The stock has a market capitalization of $900.17 million, a P/E ratio of 19.30 and a beta of 0.81.
ICF International (NASDAQ:ICFI) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The firm had revenue of $306.39 million during the quarter, compared to analyst estimates of $309.15 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts anticipate that ICF International will post $2.99 earnings per share for the current year.
In other ICF International news, COO John Wasson sold 12,461 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total transaction of $591,897.50. Following the completion of the sale, the chief operating officer now owns 65,995 shares in the company, valued at $3,134,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.48% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised 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 valued at $187,000 after buying an additional 2,153 shares in the last quarter. Airain ltd purchased a new position in ICF International during the first quarter valued at approximately $235,000. First Mercantile Trust Co. raised its position in ICF International by 781.7% in 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 in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in ICF International during the first quarter valued at approximately $309,000. Finally, Marshall Wace North America L.P. purchased a new position in ICF International during the first quarter valued at approximately $309,000. Institutional investors and hedge funds own 90.26% 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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