ICF International, Inc. (ICFI) Earns Buy Rating from SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their buy rating on shares of ICF International, Inc. (NASDAQ:ICFI) in a research report released on Friday morning. The brokerage currently has a $62.00 price objective on the business services provider’s stock.
Several other analysts also recently weighed in on ICFI. Zacks Investment Research downgraded ICF International from a buy rating to a hold rating in a report on Tuesday, June 6th. BidaskClub downgraded ICF International from a buy rating to a hold rating in a report on Saturday, July 8th. Finally, Noble Financial reissued 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 given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $58.50.
ICF International (ICFI) opened at 52.40 on Friday. The firm has a market capitalization of $981.66 million, a price-to-earnings ratio of 21.04 and a beta of 0.83. ICF International has a one year low of $40.20 and a one year high of $59.55. The stock has a 50 day moving average price of $46.59 and a 200-day moving average price of $45.32.
ICF International (NASDAQ:ICFI) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The business had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same period in the previous year, the business earned $0.69 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that ICF International will post $2.99 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “ICF International, Inc. (ICFI) Earns Buy Rating from SunTrust Banks, Inc.” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/25/icf-international-inc-icfi-earns-buy-rating-from-suntrust-banks-inc.html.
In other ICF International news, insider Ellen Glover sold 5,631 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $281,550.00. Following the transaction, the insider now owns 33,354 shares in the company, valued at approximately $1,667,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Wasson sold 626 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $47.50, for a total value of $29,735.00. Following the transaction, the chief operating officer now owns 54,160 shares in the company, valued at approximately $2,572,600. The disclosure for this sale can be found here. Insiders sold a total of 47,533 shares of company stock worth $2,370,438 in the last 90 days. 5.48% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. LSV Asset Management increased its position in ICF International by 67.9% during the 1st quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock worth $388,000 after purchasing an additional 3,800 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of ICF International by 58.7% in 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 during the period. Karp Capital Management Corp acquired a new stake in shares of ICF International in the 1st quarter worth approximately $583,000. Airain ltd acquired a new stake in shares of ICF International in the 1st quarter worth approximately $235,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of ICF International in the 1st quarter worth approximately $665,000. Institutional investors own 90.26% of the company’s stock.
About ICF International
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.
Receive News & Ratings for ICF International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICF International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.