ICF International, Inc. (NASDAQ:ICFI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

ICF International, Inc. (NASDAQ:ICFI) has received an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $162.75.

ICFI has been the topic of a number of recent research reports. Barrington Research reiterated an “outperform” rating and issued a $173.00 target price on shares of ICF International in a research note on Friday, May 31st. William Blair upgraded ICF International from a “market perform” rating to an “outperform” rating in a research note on Monday, June 24th.

ICF International Stock Performance

ICFI stock opened at $148.46 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 30.17 and a beta of 0.58. ICF International has a 1 year low of $114.51 and a 1 year high of $158.00. The stock’s fifty day moving average is $144.57 and its two-hundred day moving average is $143.54.

ICF International (NASDAQ:ICFI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.33. The company had revenue of $494.44 million for the quarter, compared to analysts’ expectations of $487.95 million. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.42 earnings per share. On average, research analysts predict that ICF International will post 6.79 EPS for the current year.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, June 7th. ICF International’s dividend payout ratio is currently 11.38%.

Institutional Investors Weigh In On ICF International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. MA raised its position in ICF International by 14.7% in the first quarter. Congress Asset Management Co. MA now owns 309,689 shares of the business services provider’s stock worth $46,648,000 after acquiring an additional 39,709 shares in the last quarter. Clearbridge Investments LLC raised its position in ICF International by 2.5% in the first quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider’s stock worth $19,187,000 after acquiring an additional 3,070 shares in the last quarter. TimesSquare Capital Management LLC raised its position in ICF International by 5.5% in the first quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider’s stock worth $19,105,000 after acquiring an additional 6,570 shares in the last quarter. Strs Ohio raised its position in ICF International by 14.9% in the fourth quarter. Strs Ohio now owns 54,816 shares of the business services provider’s stock worth $7,350,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Argent Capital Management LLC increased its stake in ICF International by 2.5% in the 1st quarter. Argent Capital Management LLC now owns 24,876 shares of the business services provider’s stock worth $3,747,000 after purchasing an additional 606 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.