ICF International (NASDAQ:ICFI) Sets New 52-Week Low - Here's Why

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock 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.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. D. Boral Capital reissued an "outperform" rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Truist Financial dropped their price target 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. Sidoti upgraded ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of ICF International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $168.25.

ICF International Price Performance

The firm has a 50-day simple moving average of $118.71 and a 200-day simple moving average of $144.59. The firm has a market cap of $1.88 billion, a P/E ratio of 17.59 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On ICF International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of ICF International by 13.1% during the third 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. Chartwell Investment Partners LLC raised its stake in shares of ICF International by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider's stock worth $1,377,000 after acquiring an additional 67 shares in the last quarter. Torray Investment Partners LLC lifted its position in ICF International by 1.2% during the fourth quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider's stock valued at $1,562,000 after acquiring an additional 152 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in ICF International by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider's stock valued at $2,511,000 after acquiring an additional 218 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings 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 worth $131,000 after purchasing an additional 339 shares during the last quarter. 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.