ICF International, Inc. (ICFI) Rating Reiterated by SunTrust Banks, Inc.
ICF International, Inc. (NASDAQ:ICFI)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $62.00 price target on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 18.32% from the company’s current price.
A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of ICF International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Zacks Investment Research cut shares of ICF International from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Noble Financial restated a “hold” rating on shares of ICF International in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.50.
ICF International (NASDAQ:ICFI) opened at 52.40 on Friday. The firm has a 50-day moving average of $46.59 and a 200-day moving average of $45.32. ICF International has a 52 week low of $40.20 and a 52 week high of $59.55. The company has a market capitalization of $981.66 million, a P/E ratio of 21.04 and a beta of 0.83.
ICF International (NASDAQ:ICFI) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. The business had revenue of $306.39 million during the quarter, compared to analysts’ expectations of $309.15 million. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Analysts anticipate that ICF International will post $2.99 EPS for the current fiscal year.
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In related news, insider James C. M. Morgan sold 10,000 shares of ICF International stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $51.50, for a total value of $515,000.00. Following the completion of the transaction, the insider now owns 26,325 shares in the company, valued at $1,355,737.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Wasson sold 12,461 shares of ICF International stock in a transaction that occurred 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 transaction, the chief operating officer now owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The disclosure for this sale can be found here. Insiders sold 47,533 shares of company stock valued at $2,370,438 in the last 90 days. Company insiders own 5.48% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ICFI. TimesSquare Capital Management LLC grew its holdings in ICF International by 31.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,002,274 shares of the business services provider’s stock worth $41,394,000 after acquiring an additional 242,560 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in ICF International by 58.7% during the 1st quarter. Bank of New York Mellon Corp now owns 158,223 shares of the business services provider’s stock worth $6,535,000 after acquiring an additional 58,498 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in ICF International by 163.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock worth $3,436,000 after acquiring an additional 45,251 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in ICF International by 26.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 214,610 shares of the business services provider’s stock worth $8,863,000 after acquiring an additional 44,290 shares in the last quarter. Finally, State Street Corp grew its holdings in ICF International by 5.9% during the 1st quarter. State Street Corp now owns 341,004 shares of the business services provider’s stock worth $14,083,000 after acquiring an additional 19,110 shares in the last quarter. Institutional investors 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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