ICF International (NASDAQ:ICFI) Hits New 1-Year Low - Here's Why

Recently, shares of ICF International, Inc. (NASDAQ:ICFI) reached a new low, falling to $114.52 before recovering slightly to close at $118.21. This drop occurred amid a trading volume of 48,778 shares, compared to the previous day's close of $119.85.

Market Overview

Analysts' Outlook

Multiple financial analysts have revisited their expectations for ICF International. In a recent report, Truist Financial adjusted its target price down from $180 to $140, maintaining a "hold" rating. Likewise, StockNews.com lowered its rating for ICF International from "strong-buy" to "buy". However, there was some positivity as Sidoti upgraded the stock from "neutral" to "buy", setting a target price of $185. Another firm, D. Boral Capital, reaffirmed an "outperform" rating with a target of $174. Currently, one analyst rates the stock as a hold while six analysts suggest a buy, leading to a consensus rating of "Moderate Buy" and an average price target of $168.60, according to MarketBeat data.

Stock Performance Insights

Performance Metrics

ICF International has a market capitalization of $2.20 billion and a price-to-earnings ratio of 20.73. The stock has a beta value of 0.57, indicating lower volatility compared to the overall market. Additionally, its 50-day moving average stands at $125.97, and the 200-day moving average is at $148.29. The company's debt-to-equity ratio is at 0.43 with both the current and quick ratios at 1.21, suggesting a stable liquidity status.

The company reported its latest earnings on November 1, revealing earnings of $2.13 per share, surpassing expectations of $1.77. Revenue for this quarter was $517 million, which, although slightly below the anticipated $528 million, shows a 3.1% increase compared to the previous year. Last year, during the same quarter, ICF reported earnings of $1.81 per share. Forecasts from analysts predict that ICF International will achieve an earnings per share (EPS) of 7.44 for the current fiscal year.

Insider Trading Activity

Recent Trades by Insiders

In recent insider activity, Director Scott B. Salmirs purchased 400 shares of the company's stock on November 18 at an average price of $138.38 each. This totalled $55,352, increasing his ownership to 5,803 shares valued at approximately $803,019. Furthermore, EVP Anne F. Choate sold 1,438 shares on November 6 at an average price of $173.63, amounting to $249,679.94. Following this transaction, her total ownership fell to 3,417 shares valued at about $593,293.71. Notably, insiders currently own 1.39% of the stock.

Institutional Investment Insights

Institutional Ownership

Several institutional investors have recently adjusted their stakes in ICF International. Geode Capital Management LLC increased its shareholding by 4.3% in the third quarter, now holding 440,985 shares valued at $73,566,000. BNP Paribas Financial Markets expanded its position significantly by 94.1%, owning a total of 17,631 shares worth $2,941,000. Other firms like Quantbot Technologies LP and Pier Capital LLC also established new positions, contributing to the current status that 94.12% of ICF's stock is under institutional and hedge fund ownership.

About ICF International

Company Background

ICF International, Inc. provides a variety of consulting services, including management, technology, and policy advisory for both government and commercial clients, both in the U.S. and internationally. Their expertise includes researching essential policy issues, identifying trends, and enabling clients to address challenges across various sectors.

As investors consider their next steps with ICF International, it is recommended to closely monitor market trends and analyst ratings for informed decision-making regarding potential asset management.

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