Exclusive: What’s Next for ICF International Inc After Touching 52-Week High?

Exclusive: What's Next for ICF International Inc After Touching 52 Week High?

The stock of ICF International Inc (NASDAQ:ICFI) hit a new 52-week high and has $59.73 target or 9.00% above today’s $54.80 share price. The 8 months bullish chart indicates low risk for the $1.05 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $59.73 price target is reached, the company will be worth $94.50 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 89,513 shares traded hands. ICF International Inc (NASDAQ:ICFI) has risen 43.40% since April 25, 2016 and is uptrending. It has outperformed by 37.39% the S&P500.

Analysts await ICF International Inc (NASDAQ:ICFI) to report earnings on March, 6. They expect $0.81 EPS, up 10.96% or $0.08 from last year’s $0.73 per share. ICFI’s profit will be $15.52M for 16.91 P/E if the $0.81 EPS becomes a reality. After $0.81 actual EPS reported by ICF International Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. As per Friday, July 31, the company rating was maintained by Stifel Nicolaus. Barrington initiated the stock with “Market Perform” rating in Friday, January 29 report.

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 decreased to 1.13 in Q2 2016. Its down 0.19, from 1.32 in 2016Q1. The ratio dived, 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.
Moreover, Manufacturers Life The has 0% invested in ICF International Inc (NASDAQ:ICFI) for 12,439 shares. Victory Cap Mngmt reported 3,002 shares or 0% of all its holdings. Globeflex Capital L P last reported 23 shares in the company. Northern Tru holds 317,242 shares or 0% of its portfolio. Legal General Group Pcl reported 2,745 shares or 0% of all its holdings. Gsa Capital Partners Llp reported 32,266 shares or 0.07% of all its holdings. The New York-based Mufg Americas Holdings has invested 0% in ICF International Inc (NASDAQ:ICFI). Third Avenue Ltd Company has invested 0.35% of its portfolio in ICF International Inc (NASDAQ:ICFI). State Street Corp reported 316,246 shares or 0% of all its holdings. Zebra Cap Limited holds 17,559 shares or 0.25% of its portfolio. Tower Rech Cap Llc (Trc) holds 0% or 1,232 shares in its portfolio. Royal Bancorporation Of Canada has 162 shares for 0% of their US portfolio. Teacher Retirement Systems Of Texas holds 0% or 2,507 shares in its portfolio. Strs Ohio holds 0% of its portfolio in ICF International Inc (NASDAQ:ICFI) for 19,400 shares. Goldman Sachs has 34,302 shares for 0% of their US portfolio.

Insider Transactions: Since July 6, 2016, the stock had 0 insider buys, and 9 insider sales for $3.15 million net activity. $289,144 worth of ICF International Inc (NASDAQ:ICFI) was sold by Glover Ellen on Wednesday, November 2. 1,000 shares were sold by ECK PHILLIP, worth $48,950. Shares for $500,000 were sold by Morgan James C M on Monday, November 7. On Thursday, September 22 the insider Wasson John sold $423,540. Kesavan Sudhakar had sold 9,634 shares worth $394,994 on Wednesday, July 6.

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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