The stock of ICF International Inc (NASDAQ:ICFI) hit a new 52-week high and has $69.25 target or 34.00% above today’s $51.68 share price. The 9 months bullish chart indicates low risk for the $989.82M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $69.25 price target is reached, the company will be worth $336.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 100,263 shares traded hands or 10.60% up from the average. ICF International Inc (NASDAQ:ICFI) has risen 36.08% since April 15, 2016 and is uptrending. It has outperformed by 31.46% the S&P500.
ICF International Inc (NASDAQ:ICFI) Ratings Coverage
Out of 2 analysts covering ICF International (NASDAQ:ICFI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. ICF International has been the topic of 2 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, January 29 by Barrington. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 31.
According to Zacks Investment Research, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions.”
Insitutional Activity: The institutional sentiment increased to 1.32 in Q2 2016. Its up 0.13, from 1.19 in 2016Q1. The ratio improved, as 5 funds sold all ICF International Inc shares owned while 45 reduced positions. 27 funds bought stakes while 39 increased positions. They now own 17.10 million shares or 0.62% more from 17.00 million shares in 2016Q1.
Blackrock Group Limited owns 19,184 shares or 0% of their US portfolio. Jpmorgan Chase & Communication reported 2,065 shares or 0% of all its holdings. Ngam Advsrs Limited Partnership last reported 131,612 shares in the company. Columbia Wanger Asset Management Limited Liability reported 518,615 shares or 0.25% of all its holdings. Metropolitan Life New York last reported 14,195 shares in the company. Emerald Advisers Pa last reported 12,549 shares in the company. Northern Tru has 0% invested in the company for 317,242 shares. Vanguard Grp accumulated 0% or 687,192 shares. Aperio Grp Incorporated Ltd Co reported 8,995 shares or 0% of all its holdings. Morgan Stanley last reported 21,292 shares in the company. Lsv Asset has 5,900 shares for 0% of their US portfolio. Dimensional Fund Advsrs Lp has 0.03% invested in the company for 1.36 million shares. The New York-based Goldman Sachs Group has invested 0% in ICF International Inc (NASDAQ:ICFI). Great West Life Assurance Company Can accumulated 0% or 1,404 shares. Panagora Asset Mngmt last reported 7,888 shares in the company.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 10 sales for $3.18 million net activity. Shares for $202,617 were sold by Glover Ellen on Monday, October 31. The insider ECK PHILLIP sold 800 shares worth $32,080. On Wednesday, July 6 Kesavan Sudhakar sold $394,994 worth of the stock or 9,634 shares. 10,000 shares were sold by Morgan James C M, worth $500,000. On Thursday, September 22 Wasson John sold $423,540 worth of the stock or 9,412 shares.
ICFI Company Profile
ICF International, Inc., formerly ICF Consulting Group Holdings, LLC, incorporated on April 18, 2006, provides professional services and technology solutions to government and commercial clients, including management, technology and policy consulting and implementation services. The Firm operates through professional services for government and commercial clients segment. The Company’s services address approximately four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial. The Company’s services include research and analytic services, assessment and advisory services, design and management services, solution identification and implementation services, and engagement services.
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