Truist Securities Raises ICF International (NASDAQ:ICFI) Price Target to $135.00

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ICF International (NASDAQ:ICFI) had its price target upped by Truist Securities from $125.00 to $135.00 in a research note released on Tuesday, Stock Target Advisor reports. The firm currently has a buy rating on the business services provider’s stock. Truist Securities also issued estimates for ICF International’s Q1 2022 earnings at $1.10 EPS, Q2 2022 earnings at $1.24 EPS, Q3 2022 earnings at $1.40 EPS, Q4 2022 earnings at $1.51 EPS, FY2022 earnings at $5.25 EPS and FY2023 earnings at $6.19 EPS.

Several other brokerages also recently commented on ICFI. Truist raised their target price on ICF International from $125.00 to $135.00 and gave the stock a buy rating in a research note on Tuesday. Barrington Research raised their target price on ICF International from $108.00 to $118.00 and gave the stock an outperform rating in a research note on Monday, November 8th. raised their target price on ICF International from $110.00 to $123.00 and gave the stock a buy rating in a research note on Wednesday, November 3rd. Finally, Zacks Investment Research downgraded ICF International from a buy rating to a hold rating and set a $103.00 target price for the company. in a research note on Monday, October 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $122.00.

Shares of ICFI stock traded up $1.75 on Tuesday, hitting $103.55. 58,537 shares of the stock were exchanged, compared to its average volume of 65,071. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.96 billion, a PE ratio of 27.47 and a beta of 0.66. ICF International has a one year low of $75.44 and a one year high of $108.23. The firm’s 50 day moving average is $103.01 and its two-hundred day moving average is $96.18.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Tuesday, November 2nd. The business services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.21. ICF International had a return on equity of 12.47% and a net margin of 4.49%. The company had revenue of $394.06 million during the quarter, compared to the consensus estimate of $384.81 million. During the same quarter in the prior year, the company earned $1.10 EPS. On average, sell-side analysts expect that ICF International will post 4.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 12th. Shareholders of record on Friday, December 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Thursday, December 9th. ICF International’s dividend payout ratio is currently 14.85%.

In other ICF International news, CEO John Wasson sold 5,000 shares of the stock in a transaction on Monday, January 10th. The shares were sold at an average price of $102.29, for a total transaction of $511,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James C. M. Morgan sold 3,406 shares of the stock in a transaction on Friday, October 29th. The shares were sold at an average price of $100.25, for a total transaction of $341,451.50. The disclosure for this sale can be found here. Company insiders own 4.05% of the company’s stock.

Large investors have recently bought and sold shares of the company. Strs Ohio lifted its position in shares of ICF International by 17.0% in the 3rd quarter. Strs Ohio now owns 84,800 shares of the business services provider’s stock worth $7,571,000 after purchasing an additional 12,300 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of ICF International by 14,091.7% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,703 shares of the business services provider’s stock worth $150,000 after acquiring an additional 1,691 shares in the last quarter. Rock Point Advisors LLC increased its stake in shares of ICF International by 2.4% in the 3rd quarter. Rock Point Advisors LLC now owns 75,477 shares of the business services provider’s stock worth $6,739,000 after acquiring an additional 1,775 shares in the last quarter. Congress Asset Management Co. MA increased its stake in shares of ICF International by 11.6% in the 3rd quarter. Congress Asset Management Co. MA now owns 113,049 shares of the business services provider’s stock worth $10,094,000 after acquiring an additional 11,714 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of ICF International by 5.2% in the 2nd quarter. Rhumbline Advisers now owns 27,411 shares of the business services provider’s stock worth $2,408,000 after acquiring an additional 1,344 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

About ICF International

ICF International, Inc engages in the provision of technology-based solutions and services to government and commercial clients. It serves the Energy, Environment, and Infrastructure; Health, Education, and Social Programs; Safety and Security; and Consumer and Financial markets. The company was founded in 1969 and is headquartered in Fairfax, VA.

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