In a report released today, Kevin Steinke from Barrington reiterated a Buy rating on Icf International (ICFI), with a price target of $86. The company’s shares closed on Friday at $76.25.
Steinke noted:
“We continue to see growth catalysts for ICF in 2019 and beyond. These include a strong backlog of federal government contract awards, substantial HUD-funded housing recovery contract opportunities related to the 2017 hurricanes (particularly in Puerto Rico), and continued solid growth from the energy markets and marketing services businesses within commercial consulting.”
According to TipRanks.com, Steinke is a 1-star analyst with an average return of -1.6% and a 44.5% success rate. Steinke covers the Services sector, focusing on stocks such as Echo Global Logistics, Heidrick & Struggles, and Navigant Consulting.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Icf International with a $83.50 average price target, implying a 9.5% upside from current levels. In a report issued on February 27, Cowen & Co. also maintained a Buy rating on the stock with a $82 price target.
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Based on Icf International’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $18.7 million. In comparison, last year the company had a net profit of $27.07 million.
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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.
