Canaccord Genuity Group Reaffirms Hold Rating for ICF International (NASDAQ:ICFI)

ICF International (NASDAQ:ICFI)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Friday. They presently have a $100.00 price objective on the business services provider’s stock, down from their prior price objective of $200.00. Canaccord Genuity Group’s price target suggests a potential upside of 0.03% from the company’s previous close.

ICFI has been the topic of a number of other reports. Truist Financial decreased their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. StockNews.com downgraded ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital reiterated an “outperform” rating and set a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.60.

ICF International Price Performance

Shares of NASDAQ ICFI opened at $99.97 on Friday. The company has a 50 day moving average of $116.83 and a 200 day moving average of $143.07. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International has a twelve month low of $97.92 and a twelve month high of $179.67. The firm has a market cap of $1.88 billion, a P/E ratio of 17.57 and a beta of 0.56.

Institutional Investors Weigh In On ICF International

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC lifted its position in ICF International by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after buying an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International during the fourth quarter worth approximately $149,000. Cibc World Markets Corp acquired a new position in ICF International during the fourth quarter worth $208,000. Finally, Ethic Inc. acquired a new stake in shares of ICF International in the 4th quarter worth $292,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.