ICF International (NASDAQ:ICFI) Hits New 1-Year Low - What's Next?

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $112.75 and last traded at $112.96, with a volume of 62436 shares trading hands. The stock had previously closed at $115.01.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ICFI. Sidoti raised ICF International from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Truist Financial cut their price target on ICF International from $180.00 to $140.00 and set a "hold" rating on the stock 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. Finally, D. Boral Capital reissued an "outperform" rating and set a $174.00 price target on shares of ICF International in a research note 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.60.

ICF International Stock Performance

The stock has a 50 day moving average of $121.27 and a 200 day moving average of $146.24. 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 company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.94 and a beta of 0.56.

Insider Buying and Selling

In related news, Director Scott B. Salmirs acquired 400 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now directly owns 5,803 shares in the company, valued at $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock worth $84,000 after acquiring an additional 58 shares during the period. SG Americas Securities LLC increased 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in ICF International in the fourth quarter worth approximately $149,000. Cibc World Markets Corp bought a new stake in ICF International in the fourth quarter worth approximately $208,000. Finally, AlphaMark Advisors LLC bought a new stake in ICF International in the third quarter worth approximately $342,000. 94.12% of the stock is owned by institutional investors and hedge funds.

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.