Truist Financial Cuts ICF International (NASDAQ:ICFI) Price Target to $85.00

ICF International (NASDAQ:ICFI) had its target price trimmed by Truist Financial from $97.00 to $85.00 in a report released on Monday morning,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 target price (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. Barrington Research dropped their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. D. Boral Capital restated an “outperform” rating and issued a $174.00 price target on shares of ICF International in a research note on Monday, December 16th. Finally, StockNews.com raised shares of ICF International from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, ICF International has a consensus rating of “Moderate Buy” and a consensus target price of $129.20.

ICF International Stock Performance

Shares of ICFI stock opened at $82.79 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International has a 52 week low of $75.91 and a 52 week high of $179.67. The company has a 50-day simple moving average of $89.95 and a 200 day simple moving average of $123.53.

ICF International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 28th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, March 28th. ICF International’s dividend payout ratio (DPR) is presently 9.61%.

Institutional Investors Weigh In On ICF International

A number of large investors have recently bought and sold shares of ICFI. Torray Investment Partners LLC lifted its holdings in shares of ICF International by 1.2% during the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock worth $1,562,000 after acquiring an additional 152 shares during the period. Russell Investments Group Ltd. raised its position in ICF International by 1.0% during the fourth quarter. Russell Investments Group Ltd. now owns 21,065 shares of the business services provider’s stock valued at $2,511,000 after purchasing an additional 218 shares in the last quarter. SG Americas Securities LLC lifted its stake in ICF International by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after purchasing an additional 339 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of ICF International by 8.3% in the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 400 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of ICF International by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 11,395 shares of the business services provider’s stock valued at $1,358,000 after purchasing an additional 626 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

ICF International Company Profile

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.