ICF International (NASDAQ:ICFI) Stock Price Up 4.9% - Still a Buy?

ICF International, Inc. (NASDAQ:ICFI - Get Free Report)'s share price was up 4.9% during mid-day trading on Monday . The stock traded as high as $87.86 and last traded at $88.83. Approximately 36,592 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 309,853 shares. The stock had previously closed at $84.65.

Analyst Upgrades and Downgrades

Several research firms recently commented on ICFI. Truist Financial dropped their price objective on shares of ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. Canaccord Genuity Group reissued a "hold" rating and issued a $100.00 price target (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. Barrington Research reduced their price objective on ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. StockNews.com cut ICF International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, 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 note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.20.

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ICF International Trading Down 0.5 %

The stock has a fifty day simple moving average of $110.46 and a 200 day simple moving average of $138.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.61 billion, a P/E ratio of 15.42 and a beta of 0.56.

ICF International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.64%. ICF International's payout ratio is 9.61%.

Institutional Investors Weigh In On ICF International

A number of large investors have recently added to or reduced their stakes in ICFI. 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 period. SG Americas Securities LLC lifted 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 valued at $131,000 after acquiring an additional 339 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in ICF International in the fourth quarter worth about $149,000. Cibc World Markets Corp bought a new stake in shares of ICF International during the 4th quarter valued at about $208,000. Finally, Ethic Inc. bought a new stake in shares of ICF International during the 4th quarter valued at about $292,000. 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.