StockNews.com Upgrades ICF International (NASDAQ:ICFI) to Buy

StockNews.com upgraded shares of ICF International (NASDAQ:ICFI - Free Report) from a hold rating to a buy rating in a report released on Saturday.

Several other research analysts have also commented on the stock. Barrington Research lowered their price objective on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. D. Boral Capital restated an "outperform" rating and issued a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $100.00 price objective (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $140.20.

ICF International Trading Up 2.2 %

NASDAQ:ICFI traded up $1.87 during trading hours on Friday, reaching $86.27. 465,196 shares of the stock were exchanged, compared to its average volume of 172,515. ICF International has a twelve month low of $75.91 and a twelve month high of $179.67. The business has a 50-day moving average of $98.95 and a two-hundred day moving average of $130.04. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.16 and a beta of 0.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

ICF International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Friday, March 28th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, March 28th. ICF International's dividend payout ratio (DPR) is presently 9.61%.

Institutional Trading of ICF International

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in shares of ICF International by 44.4% during the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock worth $131,000 after acquiring an additional 339 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in ICF International during the fourth quarter worth approximately $149,000. Cibc World Markets Corp acquired a new position in shares of ICF International in the 4th quarter valued at $208,000. Ethic Inc. acquired a new position in shares of ICF International in the 4th quarter valued at $292,000. Finally, Martingale Asset Management L P grew its position in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after buying an additional 690 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

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.