What Will Happen to ICF International, Inc. (ICFI) Next? The Stock Formed a Several Months Bullish Double Top

July 27, 2018 - By Carolyn Hewitt

ICF International, Inc. (NASDAQ:ICFI) Logo

Investors sentiment decreased to 1.17 in 2018 Q1. Its down 0.07, from 1.24 in 2017Q4. It is negative, as 8 investors sold ICF International, Inc. shares while 58 reduced holdings. 30 funds opened positions while 47 raised stakes. 16.11 million shares or 1.49% less from 16.36 million shares in 2017Q4 were reported.
Meeder Asset Mgmt owns 678 shares or 0% of their US portfolio. First Trust Advsrs Ltd Partnership has invested 0% in ICF International, Inc. (NASDAQ:ICFI). Moreover, Koch Industries Inc has 0.03% invested in ICF International, Inc. (NASDAQ:ICFI). First Mercantile Tru Company holds 0.04% of its portfolio in ICF International, Inc. (NASDAQ:ICFI) for 3,230 shares. Wellington Management Grp Inc Ltd Liability Partnership accumulated 1.50 million shares or 0.02% of the stock. Blair William & Company Il accumulated 5,996 shares. Credit Suisse Ag has 0% invested in ICF International, Inc. (NASDAQ:ICFI) for 23,194 shares. Globeflex L P holds 11,823 shares. Lord Abbett & Llc has invested 0.04% of its portfolio in ICF International, Inc. (NASDAQ:ICFI). Morgan Stanley reported 0% stake. Teacher Retirement Sys Of Texas has invested 0% in ICF International, Inc. (NASDAQ:ICFI). Wells Fargo & Mn accumulated 28,553 shares or 0% of the stock. Third Avenue Management Limited Liability Corporation holds 144,822 shares. Amer Century Cos owns 20,716 shares or 0% of their US portfolio. Northern Tru has invested 0.01% of its portfolio in ICF International, Inc. (NASDAQ:ICFI).

Since February 28, 2018, it had 0 buys, and 17 sales for $11.64 million activity. $307,248 worth of stock was sold by Kesavan Sudhakar on Wednesday, July 11. Wasson John also sold $940,420 worth of ICF International, Inc. (NASDAQ:ICFI) shares. SCHULTE PETER M also sold $885,473 worth of ICF International, Inc. (NASDAQ:ICFI) on Friday, June 8. $309,616 worth of stock was sold by Glover Ellen on Wednesday, July 11. Ostria Sergio J also sold $287,855 worth of ICF International, Inc. (NASDAQ:ICFI) on Monday, July 9.

The chart of ICF International, Inc. (ICFI) shows a double top with $80.55 target or 9.00 % above today’s $73.90 share price. The 6 months chart pattern indicates low risk for the $1.39B company. It was reported on Jul, 27 by Finviz.com. If the $80.55 price target is reached, the company will be worth $125.10M more. Double tops are rare but powerful chart patterns.

The stock increased 0.48% or $0.35 during the last trading session, reaching $73.9. About 77,081 shares traded. ICF International, Inc. (NASDAQ:ICFI) has risen 46.36% since July 27, 2017 and is uptrending. It has outperformed by 33.79% the S&P500.

Analysts await ICF International, Inc. (NASDAQ:ICFI) to report earnings on August, 2 after the close. They expect $0.90 earnings per share, up 23.29 % or $0.17 from last year’s $0.73 per share. ICFI’s profit will be $16.93M for 20.53 P/E if the $0.90 EPS becomes a reality. After $0.77 actual earnings per share reported by ICF International, Inc. for the previous quarter, Wall Street now forecasts 16.88 % EPS growth.

ICF International, Inc. (NASDAQ:ICFI) Ratings Coverage

Among 4 analysts covering ICF International (NASDAQ:ICFI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. ICF International had 4 analyst reports since February 28, 2018 according to SRatingsIntel. The stock of ICF International, Inc. (NASDAQ:ICFI) has “Market Perform” rating given on Wednesday, February 28 by Wells Fargo. Barrington maintained the shares of ICFI in report on Thursday, March 1 with “Buy” rating. The rating was maintained by SunTrust with “Buy” on Tuesday, April 17. The firm earned “Hold” rating on Wednesday, March 28 by Cowen & Co.

ICF International, Inc. provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company has market cap of $1.39 billion. The firm researches, collects, and analyses critical policy, industry, and stakeholder issues, trends, and behaviors; provides assessment and advisory services on how to navigate societal, market, business, communication, and technology challenges; and designs, develops, and manages plans, frameworks, programs, and tools that are principal to its clients' business performance. It has a 21.71 P/E ratio. It also identifies, defines, and implements technology systems and business tools through a range of standard and customized methodologies designed to match its clients' business context; and informs and engages its clients' constituents, customers, and employees through public relations, branding and marketing, multichannel and strategic communications, and enterprise training and communications programs.

ICF International, Inc. (NASDAQ:ICFI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.