ICF International (NASDAQ:ICFI) Price Target Lowered to $102.00 at Barrington Research

ICF International (NASDAQ:ICFI) had its price objective cut by analysts at Barrington Research from $107.00 to $102.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 33.37% from the stock’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of ICF International in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.75.

ICF International Price Performance

ICFI stock opened at $76.48 on Thursday. The business’s fifty day moving average price is $88.63 and its 200 day moving average price is $88.85. ICF International has a 12-month low of $72.03 and a 12-month high of $141.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.41 billion, a PE ratio of 13.30 and a beta of 0.48.

ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The business had revenue of $465.41 million for the quarter, compared to analyst estimates of $485.10 million. ICF International had a return on equity of 14.50% and a net margin of 5.45%.ICF International’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 earnings per share. On average, sell-side analysts anticipate that ICF International will post 7.44 EPS for the current year.

Insider Buying and Selling at ICF International

In other news, COO James C. M. Morgan sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $95.19, for a total transaction of $228,456.00. Following the completion of the transaction, the chief operating officer directly owned 39,704 shares of the company’s stock, valued at $3,779,423.76. This trade represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Randall Mehl bought 500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $77.00 per share, with a total value of $38,500.00. Following the purchase, the director directly owned 20,474 shares in the company, valued at $1,576,498. The trade was a 2.50% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.39% of the company’s stock.

Institutional Investors Weigh In On ICF International

A number of institutional investors have recently added to or reduced their stakes in ICFI. Public Employees Retirement System of Ohio lifted its position in ICF International by 5,229.4% during the third quarter. Public Employees Retirement System of Ohio now owns 17,214 shares of the business services provider’s stock valued at $1,597,000 after buying an additional 16,891 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of ICF International by 376.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,381 shares of the business services provider’s stock valued at $1,799,000 after acquiring an additional 15,313 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of ICF International during the 3rd quarter valued at $8,354,000. Russell Investments Group Ltd. boosted its position in ICF International by 1,392.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,028 shares of the business services provider’s stock worth $1,209,000 after purchasing an additional 12,155 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in ICF International in the 3rd quarter valued at $974,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

About ICF International

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.