ICF (ICFI) Now Covered by Analysts at Cowen

Cowen initiated coverage on shares of ICF (NASDAQ:ICFI) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a market perform rating and a $65.00 price target on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of ICF from a hold rating to a buy rating and set a $60.00 price objective for the company in a research note on Wednesday, January 10th. ValuEngine upgraded shares of ICF from a hold rating to a buy rating in a research note on Thursday, February 8th. BidaskClub downgraded shares of ICF from a buy rating to a hold rating in a research note on Thursday, December 7th. Wells Fargo increased their price objective on shares of ICF from $58.00 to $61.00 and gave the stock a market perform rating in a research note on Wednesday, February 28th. Finally, Barrington Research restated an outperform rating and set a $67.00 price objective (up from $65.00) on shares of ICF in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. ICF currently has a consensus rating of Hold and a consensus target price of $63.60.

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ICF stock opened at $58.45 on Wednesday. ICF has a one year low of $40.20 and a one year high of $62.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $1,088.40, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76.

ICF (NASDAQ:ICFI) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.78 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.78. ICF had a net margin of 5.12% and a return on equity of 9.95%. The company had revenue of $321.17 million during the quarter, compared to the consensus estimate of $307.52 million. sell-side analysts expect that ICF will post 3.71 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 28th. ICF’s dividend payout ratio (DPR) is currently 4.64%.

In related news, CEO Sudhakar Kesavan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $58.00, for a total value of $1,740,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 61,264 shares of company stock valued at $3,615,840 over the last quarter. 5.48% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of ICFI. Ramsey Quantitative Systems acquired a new stake in ICF in the 4th quarter valued at about $207,000. MetLife Investment Advisors LLC acquired a new stake in ICF in the 4th quarter valued at about $466,000. California Public Employees Retirement System lifted its stake in ICF by 8.3% in the 3rd quarter. California Public Employees Retirement System now owns 29,465 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 2,265 shares during the last quarter. Nationwide Fund Advisors lifted its stake in ICF by 41.8% in the 3rd quarter. Nationwide Fund Advisors now owns 36,703 shares of the business services provider’s stock valued at $1,980,000 after purchasing an additional 10,825 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in ICF by 2,973.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,685 shares of the business services provider’s stock valued at $2,734,000 after purchasing an additional 49,036 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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About ICF

ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and 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, market, business, communication, and technology challenges.

Analyst Recommendations for ICF (NASDAQ:ICFI)

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