ICF International Inc. (NASDAQ:ICFI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $49.00 price target on the stock. Zacks Investment Research’s target price suggests a potential upside of 11.52% from the stock’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. “

Separately, Stifel Nicolaus boosted their target price on shares of ICF International from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.00.

Shares of ICF International (NASDAQ:ICFI) opened at 43.94 on Tuesday. ICF International has a 12-month low of $29.19 and a 12-month high of $44.44. The company has a market cap of $833.63 million, a PE ratio of 19.95 and a beta of 1.27. The stock’s 50 day moving average price is $41.91 and its 200-day moving average price is $39.46.

ICF International (NASDAQ:ICFI) last released its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The firm earned $305.40 million during the quarter, compared to analyst estimates of $294.06 million. ICF International had a net margin of 3.67% and a return on equity of 10.23%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. On average, equities research analysts forecast that ICF International will post $2.88 earnings per share for the current year.

In other news, EVP Ellen Glover sold 8,952 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $43.00, for a total transaction of $384,936.00. Following the completion of the transaction, the executive vice president now owns 34,246 shares of the company’s stock, valued at $1,472,578. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sudhakar Kesavan sold 9,634 shares of the company’s 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 transaction, the chief executive officer now directly owns 152,364 shares of the company’s stock, valued at approximately $6,246,924. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. bought a new position in shares of ICF International during the second quarter worth approximately $221,000. Emerald Mutual Fund Advisers Trust acquired a new stake in ICF International during the second quarter worth $250,000. Aperio Group LLC acquired a new stake in ICF International during the first quarter worth $270,000. Panagora Asset Management Inc. boosted its stake in ICF International by 304.9% in the second quarter. Panagora Asset Management Inc. now owns 7,888 shares of the company’s stock worth $323,000 after buying an additional 5,940 shares during the last quarter. Finally, Palo Capital Inc. acquired a new stake in ICF International during the second quarter worth $408,000. 92.69% of the stock is owned by institutional investors and hedge funds.

ICF International Company Profile

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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