ICF International Inc. (ICFI) Sees Strong Trading Volume
ICF International Inc. (NASDAQ:ICFI) saw unusually-strong trading volume on Wednesday . Approximately 100,965 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 78,805 shares.The stock last traded at $40.95 and had previously closed at $40.81.
Several analysts recently commented on ICFI shares. Wells Fargo & Co. reiterated a “hold” rating on shares of ICF International in a research report on Thursday, March 10th. Noble Financial reiterated a “hold” rating on shares of ICF International in a research report on Friday, March 11th. Barrington Research upgraded 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. Zacks Investment Research downgraded shares of ICF International from a “hold” rating to a “sell” rating in a research report on Thursday, March 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $49.00 price target (up previously from $47.00) on shares of ICF International in a research report on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.00.
The company has a market cap of $782.58 million and a price-to-earnings ratio of 19.58. The firm has a 50-day moving average of $40.70 and a 200 day moving average of $36.42.
ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, May 5th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. During the same period last year, the firm earned $0.54 EPS. The business had revenue of $283.60 million for the quarter, compared to analysts’ expectations of $280.03 million. The company’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that ICF International Inc. will post $2.88 earnings per share for the current year.
In other news, COO John Wasson sold 8,333 shares of ICF International stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $333,320.00. Following the completion of the sale, the chief operating officer now directly owns 46,121 shares in the company, valued at approximately $1,844,840. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ellen Glover sold 10,000 shares of ICF International stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the sale, the executive vice president now owns 35,294 shares of the company’s stock, valued at $1,341,172. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of ICF International by 9.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 29,220 shares of the company’s stock valued at $1,039,000 after buying an additional 2,439 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of ICF International during the fourth quarter valued at about $1,170,000. DIAM Co. Ltd. raised its stake in shares of ICF International by 165.9% in the fourth quarter. DIAM Co. Ltd. now owns 34,300 shares of the company’s stock valued at $1,220,000 after buying an additional 21,400 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of ICF International by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 36,188 shares of the company’s stock valued at $1,287,000 after buying an additional 628 shares in the last quarter. Finally, American Capital Management Inc. purchased a new stake in shares of ICF International during the fourth quarter valued at about $2,877,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.