ICF International (NASDAQ:ICFI) Hits New 1-Year Low – What's Next?

ICF International, Inc. (NASDAQ:ICFI) has recently reached a new 52-week low during trading hours on Friday. The stock dropped to a low of $82.28 before ending the day at $83.39, with a trading volume of 104,261 shares compared to its previous close of $99.97.

Insights from Wall Street Analysts

In light of recent events, ICF International has come under the scrutiny of multiple research firms. StockNews.com adjusted its rating on ICF International from a "strong-buy" to a "buy" as of November 27. Meanwhile, D. Boral Capital reaffirmed an "outperform" rating with a price target of $174.00 in a report from December 16. Sidoti upgraded the stock from "neutral" to "buy," setting a target price of $185.00 on November 19. On the other hand, Truist Financial lowered its price target from $180.00 to $140.00, also assigning a "hold" rating. Canaccord Genuity Group issued a "hold" rating with a price target of $100.00, down from a previously set $200.00. Currently, two analysts suggest holding the stock while five recommend buying it. MarketBeat data indicates that the average rating stands at "Moderate Buy" with a consensus price target of $154.60.

Current Stock Performance

ICF International's stock is down 20.7% in recent times. The company’s 50-day simple moving average stands at $116.83, while its 200-day simple moving average is $143.07. ICF International has a market capitalization of $1.49 billion, a price-to-earnings (P/E) ratio of 13.93, and a beta of 0.56. The company also reports a current ratio of 1.21, a quick ratio of 1.21, and a modest debt-to-equity ratio of 0.43.

Dividend Information

Additionally, ICF International has announced its quarterly dividend, which is set to be distributed on Monday, April 14. Shareholders registered by Friday, March 28, will receive a dividend of $0.14. This translates to an annualized dividend of $0.56, yielding 0.71%. The ex-dividend date is also noted as March 28. Currently, the company has a dividend payout ratio (DPR) of 9.84%.

Investment Activities by Hedge Funds

Several hedge funds have recently made moves regarding shares of ICF International. Geode Capital Management LLC increased its holdings in ICF International by 0.5% in the last quarter, now owning 442,995 shares valued at $52,822,000 after acquiring an additional 2,010 shares. Congress Asset Management Co. boosted its position by 10.7% during the third quarter, bringing its total to 353,824 shares worth $59,014,000, following a purchase of 34,299 additional shares. Systematic Financial Management LP raised its stake in ICF International by 0.9%, owning 279,048 shares valued at $46,542,000 after adding 2,484 shares. Tributary Capital Management LLC increased its position by 10.9%, now holding 211,863 shares valued at $25,256,000 after purchasing 20,861 additional shares. Finally, BNP Paribas Financial Markets enlarged its holdings by a substantial 411.7%, obtaining 90,226 shares valued at $10,756,000 after buying 72,595 shares in the last quarter. Notably, institutional investors hold 94.12% of the company's shares.

About ICF International

ICF International, Inc. specializes in providing management, technology, and policy consulting services. The firm serves a diverse range of government and commercial clients both in the United States and internationally. ICF focuses on researching significant policy and industry issues, measuring the effects of various trends, and helping clients strategize on technology challenges.

Conclusion

As ICF International's stock sees fluctuations in its values and analysts weigh in, the future remains uncertain. Investors are encouraged to stay informed and consider the various ratings from analysts and trends in stock performance.

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