Barrington analyst Kevin Steinke reiterated a Buy rating on Icf International (ICFI) today and set a price target of $88. The company’s shares opened today at $75.04.
“We are raising our 12-month price target to $88 (from $86), which conservatively assumes an EV/NTM EBITDA multiple of 12x. The average EV/NTM EBITDA multiple for the government consulting peer group is 12.5x and 14.4x for the specialty consulting peer group. We reiterate our OUTPERFORM rating. Opinion OUTPERFORM (12 mo) $88 17% LT EPS Cap (mil) $1,451 Enterprise Value (mil) $1,678 Shares Outstanding (mil) 19.3 Volume 99,323 Financial / Valuation Adjusted ROE (LTM) 10.0% LT Debt/Capital 26.0% EV/Adj.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -2.4% and a 44.9% success rate. Steinke covers the Services sector, focusing on stocks such as Cross Country Healthcare, Echo Global Logistics, and Heidrick & Struggles.
Icf International has an analyst consensus of Strong Buy, with a price target consensus of $83.50, representing an 11.3% upside. In a report issued on May 2, Cowen & Co. also maintained a Buy rating on the stock with a $82 price target.
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Icf International’s market cap is currently $1.42B and has a P/E ratio of 22.59. The company has a Price to Book ratio of 2.15.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Ostria Sergio J, the EVP of ICFI sold 9,063 shares for a total of $679,906.
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ICF International, Inc. engages in the provision of technology-based solutions and services to government and commercial clients. It serves the Energy, Environment, and Infrastructure; Health, Education, and Social Programs; Safety and Security; and Consumer and Financial markets. The company was founded in 1969 and is headquartered in Fairfax, VA.