ICF International’s (ICFI) Hold Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their hold rating on shares of ICF International (NASDAQ:ICFI) in a report published on Friday morning, Marketbeat reports. Canaccord Genuity Group currently has a $100.00 price objective on the business services provider’s stock, down from their previous price objective of $200.00.

A number of other brokerages also recently issued reports on ICFI. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. Truist Financial lowered their price objective on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.60.

ICF International Stock Down 20.7 %

Shares of NASDAQ ICFI opened at $79.26 on Friday. The company has a 50 day simple moving average of $116.03 and a 200-day simple moving average of $142.55. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a 1 year low of $77.02 and a 1 year high of $179.67.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.56 annualized dividend and a yield of 0.71%. ICF International’s dividend payout ratio is presently 9.84%.

Hedge Funds Weigh In On ICF International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICFI. Farther Finance Advisors LLC boosted its position in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after buying an additional 58 shares during the period. Chartwell Investment Partners LLC boosted its position in ICF International by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after buying an additional 67 shares during the period. Zions Bancorporation N.A. boosted its position in ICF International by 17.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock valued at $2,668,000 after buying an additional 2,368 shares during the period. Quantbot Technologies LP purchased a new position in ICF International in the 3rd quarter valued at approximately $852,000. Finally, BNP Paribas Financial Markets boosted its position in ICF International by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,631 shares of the business services provider’s stock valued at $2,941,000 after buying an additional 8,548 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.