ICF International Inc. (ICFI) Sets New 1-Year High at $43.15
ICF International Inc. (NASDAQ:ICFI) reached a new 52-week high during trading on Friday . The company traded as high as $43.15 and last traded at $42.97, with a volume of 45,964 shares changing hands. The stock had previously closed at $42.56.
A number of equities research analysts recently commented on ICFI shares. Barrington Research upgraded ICF International from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, May 9th. Zacks Investment Research upgraded ICF International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Thursday, August 4th. Finally, Stifel Nicolaus increased their price target on ICF International from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.00.
The stock has a 50 day moving average of $41.17 and a 200 day moving average of $38.50. The firm has a market capitalization of $819.97 million and a P/E ratio of 19.63.
ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. During the same period last year, the business earned $0.63 EPS. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $294.06 million. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that ICF International Inc. will post $2.88 EPS for the current fiscal year.
In related news, CEO Sudhakar Kesavan sold 9,634 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $41.00, for a total transaction of $394,994.00. Following the sale, the chief executive officer now owns 152,364 shares of the company’s stock, valued at approximately $6,246,924. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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