ICF International (NASDAQ:ICFI) Downgraded by Truist Financial to Hold

Truist Financial cut shares of ICF International (NASDAQ:ICFI) from a buy rating to a hold rating in a research report released on Monday, MarketBeat reports. Truist Financial currently has $155.00 price objective on the business services provider’s stock, down from their prior price objective of $168.00.

ICFI has been the subject of several other reports. Barrington Research reiterated an outperform rating and set a $173.00 target price on shares of ICF International in a research note on Friday, May 31st. William Blair upgraded ICF International from a market perform rating to an outperform rating in a research note on Monday, June 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, ICF International currently has a consensus rating of Moderate Buy and a consensus price target of $159.50.

ICF International Stock Down 0.7 %

ICFI stock opened at $134.38 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $144.08 and a two-hundred day moving average price of $143.49. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 27.31 and a beta of 0.60. ICF International has a twelve month low of $114.51 and a twelve month high of $158.00.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.33. The firm had revenue of $494.44 million during the quarter, compared to the consensus estimate of $487.95 million. ICF International had a return on equity of 14.42% and a net margin of 4.74%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. Analysts anticipate that ICF International will post 6.79 EPS for the current fiscal year.

ICF International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 7th will be paid a $0.14 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.56 annualized dividend and a yield of 0.42%. ICF International’s dividend payout ratio (DPR) is presently 11.38%.

Institutional Trading of ICF International

Several institutional investors have recently added to or reduced their stakes in ICFI. Whittier Trust Co. bought a new stake in shares of ICF International during the 1st quarter valued at $25,000. SG Americas Securities LLC bought a new stake in shares of ICF International during the 1st quarter worth $167,000. Handelsbanken Fonder AB lifted its position in shares of ICF International by 26.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,822 shares of the business services provider’s stock worth $647,000 after buying an additional 1,000 shares during the last quarter. Trust Point Inc. bought a new stake in shares of ICF International during the 4th quarter worth $995,000. Finally, Torray Investment Partners LLC lifted its position in shares of ICF International by 1.0% during the 4th quarter. Torray Investment Partners LLC now owns 12,999 shares of the business services provider’s stock worth $1,743,000 after buying an additional 130 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

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.