ICF International Inc. (ICFI) Sees Unusually-High Trading Volume
ICF International Inc. (NASDAQ:ICFI) saw an uptick in trading volume on Wednesday . 144,165 shares changed hands during trading, an increase of 61% from the previous session’s volume of 89,376 shares.The stock last traded at $41.78 and had previously closed at $42.16.
Several brokerages have weighed in on ICFI. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Thursday, August 4th. Stifel Nicolaus increased their price target on shares of ICF International from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Barrington Research raised shares of ICF International from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, May 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. ICF International has a consensus rating of “Buy” and a consensus target price of $49.00.
The stock has a market capitalization of $793.98 million and a price-to-earnings ratio of 19.01. The firm’s 50 day moving average is $41.13 and its 200 day moving average is $38.45.
ICF International (NASDAQ:ICFI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. During the same period in the previous year, the company posted $0.63 earnings per share. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $294.06 million. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that ICF International Inc. will post $2.88 earnings per share for the current fiscal year.
In other ICF International news, CEO Sudhakar Kesavan sold 9,634 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $41.00, for a total transaction of $394,994.00. Following the completion of the sale, the chief executive officer now directly owns 152,364 shares of the company’s stock, valued at $6,246,924. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
ICF International, Inc, formerly ICF Consulting Group Holdings, LLC, provides professional services and technology-based solutions to government and commercial clients, including management, technology and policy consulting and implementation services. It operates through professional services for government and commercial clients segment.
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