Zacks Investment Research upgraded shares of ICF International (NASDAQ:ICFI) from a hold rating to a buy rating in a report released on Friday morning. They currently have $59.00 target price on the business services provider’s stock.

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. “

Several other equities analysts have also recently weighed in on ICFI. Wells Fargo & Co lifted their price objective on ICF International from $54.00 to $58.00 and gave the company a market perform rating in a report on Wednesday, October 25th. ValuEngine cut ICF International from a buy rating to a hold rating in a report on Saturday, November 4th. Noble Financial reaffirmed a hold rating on shares of ICF International in a report on Tuesday, November 7th. Finally, BidaskClub cut ICF International from a buy rating to a hold rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. ICF International presently has a consensus rating of Hold and a consensus price target of $58.50.

Shares of ICF International (NASDAQ:ICFI) traded up $1.60 during midday trading on Friday, reaching $53.40. The company’s stock had a trading volume of 166,500 shares, compared to its average volume of 65,693. The firm has a market cap of $965.68, a PE ratio of 21.19, a PEG ratio of 1.58 and a beta of 0.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.57 and a quick ratio of 1.57. ICF International has a 52-week low of $40.20 and a 52-week high of $56.55.

Several institutional investors and hedge funds have recently modified their holdings of ICFI. GW&K Investment Management LLC increased its stake in shares of ICF International by 96.1% in the 4th quarter. GW&K Investment Management LLC now owns 309,476 shares of the business services provider’s stock valued at $16,247,000 after purchasing an additional 151,661 shares during the last quarter. Systematic Financial Management LP grew its position in ICF International by 392.2% during the 3rd quarter. Systematic Financial Management LP now owns 159,432 shares of the business services provider’s stock worth $8,601,000 after acquiring an additional 127,037 shares during the last quarter. Mutual of America Capital Management LLC grew its position in ICF International by 3,298.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,978 shares of the business services provider’s stock worth $2,750,000 after acquiring an additional 49,478 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in ICF International by 2,973.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock worth $2,734,000 after acquiring an additional 49,036 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in ICF International by 163.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 72,959 shares of the business services provider’s stock worth $3,436,000 after acquiring an additional 45,251 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

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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.

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