ICF International (NASDAQ:ICFI) Sees Stock Rating Lowered by StockNews.com

November 29, 2024 03:19 AM PST | By Team Kalkine Media
 ICF International (NASDAQ:ICFI) Sees Stock Rating Lowered by StockNews.com
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Highlights:

  • ICF International's stock rating revised from "strong-buy" to "buy" by StockNews.com.

  • Several analysts have updated their perspectives on ICF International, with notable adjustments in target prices.

  • Insider transactions show a mixed trend in stock activity, with both sales and purchases by company executives.

ICF International (NASDAQ:ICFI) experienced a downgrade in its stock rating from "strong-buy" to "buy," as reported by StockNews.com. This change in outlook comes after a series of recent updates from other research firms regarding the company's stock. Analysts from Sidoti upgraded ICF International from a “neutral” rating to “buy,” setting a new price objective for the company. On the other hand, Truist Financial adjusted its stance by lowering the target price and recommending a “hold” rating. Despite these shifts in sentiment, the overall consensus among analysts is generally positive, with a mix of "buy" ratings and one "hold" rating. ICF International has an average rating of "Moderate Buy" and a consensus price estimate of $167.25, reflecting a cautiously optimistic view on its stock.

As of the latest data, ICF International's stock opened at $136.74, with its share price fluctuating between a 12-month low of $128.28 and a high of $179.67. The company has a market capitalization of approximately $2.57 billion and displays a relatively stable financial position, with a moderate debt-to-equity ratio and healthy liquidity metrics. ICF's most recent earnings report, announced in early November, showed strong performance, with earnings surpassing analyst estimates despite revenue falling slightly short.

In terms of insider activity, there have been notable transactions. The company’s Chief Operating Officer, James C. M. Morgan, reduced his stake by selling shares, while Director Scott B. Salmirs increased his holdings. These movements are typical of the market dynamics within publicly traded companies, offering insights into internal confidence.

The company's stock is closely watched by institutional investors, with major players such as Geode Capital Management and Pier Capital LLC increasing their stakes, underscoring institutional confidence in ICF International’s potential.

Overall, ICF International continues to attract attention from both analysts and institutional investors, as it navigates evolving market conditions and remains a key player in the management, technology, and policy consulting sectors.





 


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