BidaskClub Downgrades ICF International, Inc. (ICFI) to Strong Sell

ICF International, Inc. (NASDAQ:ICFI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, June 22nd. Noble Financial reissued a “hold” rating on shares of ICF International in a research report on Sunday, May 7th. Finally, Barrington Research increased their price objective on shares of ICF International from $49.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. ICF International has a consensus rating of “Hold” and an average target price of $57.33.

ICF International (ICFI) opened at 43.65 on Friday. The firm’s 50 day moving average price is $45.58 and its 200-day moving average price is $45.48. The stock has a market cap of $817.74 million, a price-to-earnings ratio of 17.53 and a beta of 0.81. ICF International has a 52 week low of $40.20 and a 52 week high of $59.55.

ICF International (NASDAQ:ICFI) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. ICF International had a net margin of 4.02% and a return on equity of 10.25%. The company had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Analysts expect that ICF International will post $2.99 EPS for the current year.

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In related news, COO John Wasson sold 12,461 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $47.50, for a total transaction of $591,897.50. Following the completion of the transaction, the chief operating officer now owns 65,995 shares in the company, valued at $3,134,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.48% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of ICF International during the fourth quarter worth approximately $4,687,000. Teachers Advisors LLC boosted its stake in shares of ICF International by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 33,330 shares of the business services provider’s stock worth $1,840,000 after buying an additional 4,332 shares in the last quarter. Investment Counselors of Maryland LLC boosted its stake in shares of ICF International by 2.2% in the first quarter. Investment Counselors of Maryland LLC now owns 353,379 shares of the business services provider’s stock worth $14,595,000 after buying an additional 7,600 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of ICF International by 6.8% in the first quarter. Tocqueville Asset Management L.P. now owns 112,281 shares of the business services provider’s stock worth $4,637,000 after buying an additional 7,192 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of ICF International by 67.9% in the first quarter. LSV Asset Management now owns 9,400 shares of the business services provider’s stock worth $388,000 after buying an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 90.26% of the company’s stock.

About ICF International

ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.