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ICF International (NASDAQ:ICFI) Reaches New 52-Week Low - Here's What Happened

ICF International logo with Business Services background

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $114.19 and last traded at $116.19, with a volume of 30995 shares changing hands. The stock had previously closed at $117.23.

Analyst Upgrades and Downgrades

Several analysts recently commented on ICFI shares. Truist Financial cut their target price on shares of ICF International from $180.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. StockNews.com lowered ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Tuesday, November 19th. Finally, D. Boral Capital reiterated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.60.

Read Our Latest Stock Analysis on ICFI

ICF International Price Performance

The company has a market cap of $2.16 billion, a PE ratio of 20.21 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day moving average price of $123.56 and a 200-day moving average price of $147.42.

Insider Buying and Selling at ICF International

In other news, Director Scott B. Salmirs acquired 400 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the acquisition, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.39% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock valued at $84,000 after buying an additional 58 shares during the last quarter. SG Americas Securities LLC lifted its stake in ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after acquiring an additional 339 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in ICF International in the third quarter worth approximately $342,000. Martingale Asset Management L P grew its position in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock worth $567,000 after acquiring an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock worth $603,000 after purchasing an additional 967 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

ICF International Company Profile

(Get Free Report)

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.

See Also

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