ICF International (NASDAQ:ICFI) Stock Price Expected to Rise, Truist Financial Analyst Says

ICF International (NASDAQ:ICFI - Get Free Report) had its price objective increased by Truist Financial from $155.00 to $180.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the business services provider's stock. Truist Financial's price target would indicate a potential upside of 7.29% from the company's previous close.

Separately, Barrington Research restated an "outperform" rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.00.

ICF International Stock Down 0.5 %

Shares of NASDAQ ICFI traded down $0.82 during trading hours on Friday, hitting $167.77. 190,302 shares of the stock were exchanged, compared to its average volume of 97,563. ICF International has a 12 month low of $115.67 and a 12 month high of $178.18. The firm has a fifty day moving average price of $166.85 and a 200-day moving average price of $152.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.15 billion, a PE ratio of 31.19 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.32. The business had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. ICF International had a return on equity of 14.37% and a net margin of 4.98%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 earnings per share. On average, sell-side analysts expect that ICF International will post 7.06 EPS for the current year.

Insider Buying and Selling at ICF International

In related news, CEO John Wasson sold 1,417 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the transaction, the chief executive officer now owns 52,605 shares in the company, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other ICF International news, CEO John Wasson sold 1,417 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $165.14, for a total value of $234,003.38. Following the sale, the chief executive officer now directly owns 52,605 shares of the company's stock, valued at approximately $8,687,189.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO James C. M. Morgan sold 2,500 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now directly owns 37,663 shares in the company, valued at $6,593,661.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,285 shares of company stock worth $897,398. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ICFI. BNP Paribas Financial Markets increased its stake in shares of ICF International by 9.4% in the 1st quarter. BNP Paribas Financial Markets now owns 16,536 shares of the business services provider's stock valued at $2,491,000 after purchasing an additional 1,419 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of ICF International in the first quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new position in shares of ICF International during the 1st quarter worth approximately $167,000. TimesSquare Capital Management LLC raised its stake in shares of ICF International by 5.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 126,835 shares of the business services provider's stock worth $19,105,000 after buying an additional 6,570 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of ICF International by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 127,381 shares of the business services provider's stock valued at $19,187,000 after buying an additional 3,070 shares in the last quarter. 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.