ICF International (NASDAQ:ICFI) Sets New 1-Year Low – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low during trading on Tuesday . The company traded as low as $105.00 and last traded at $107.48, with a volume of 24299 shares trading hands. The stock had previously closed at $107.77.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Truist Financial decreased their target price on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, November 19th. Finally, D. Boral Capital restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a report on Monday, December 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.95 billion, a P/E ratio of 18.29 and a beta of 0.56. The company has a 50 day moving average of $120.27 and a two-hundred day moving average of $145.57.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares during the period. SG Americas Securities LLC boosted its position in ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after acquiring an additional 339 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in ICF International during the 4th quarter worth about $149,000. Cibc World Markets Corp acquired a new stake in ICF International during the 4th quarter worth about $208,000. Finally, Ethic Inc. acquired a new stake in ICF International during the 4th quarter worth about $292,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.