Price Action to Note: Does ICF International Inc Have More Gas After Making 52-Week High?

Price Action to Note: Does ICF International Inc Have More Gas After Making 52 Week High?

The stock of ICF International Inc (NASDAQ:ICFI) hit a new 52-week high and has $66.20 target or 32.00% above today’s $50.15 share price. The 7 months bullish chart indicates low risk for the $990.42 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $66.20 price target is reached, the company will be worth $316.93M 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 69,829 shares traded hands. ICF International Inc (NASDAQ:ICFI) has risen 40.66% since April 5, 2016 and is uptrending. It has outperformed by 38.70% 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 stock of ICF International Inc (NASDAQ:ICFI) has “Market Perform” rating given on Friday, January 29 by Barrington. Stifel Nicolaus maintained ICF International Inc (NASDAQ:ICFI) on Friday, July 31 with “Buy” rating.

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 2016 Q2. Its up 0.13, from 1.19 in 2016Q1. The ratio is positive, 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.
Amer Mgmt accumulated 0.24% or 70,600 shares. Great West Life Assurance Can holds 0% or 1,404 shares in its portfolio. Voya Investment Mgmt Ltd Liability accumulated 9,299 shares or 0% of the stock. The New York-based Commercial Bank Of New York Mellon Corp has invested 0% in ICF International Inc (NASDAQ:ICFI). The United Kingdom-based Gsa Capital Llp has invested 0.07% in ICF International Inc (NASDAQ:ICFI). Lpl Limited Liability Company accumulated 13,382 shares or 0% of the stock. Century reported 68,273 shares or 0% of all its holdings. Pier Limited Company holds 1.01% or 135,124 shares in its portfolio. Schwab Charles Inv Mgmt Inc owns 106,400 shares or 0.01% of their US portfolio. Investment Counselors Of Maryland Lc has 497,710 shares for 1.12% of their US portfolio. Glenmede Trust Company Na has invested 0% of its portfolio in ICF International Inc (NASDAQ:ICFI). Pnc Fincl Ser owns 133 shares or 0% of their US portfolio. Delphi Mngmt Ma, a Massachusetts-based fund reported 49,756 shares. Mufg Americas accumulated 190 shares or 0% of the stock. Timessquare Cap Management Lc holds 0.17% or 632,914 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 9 sales for $2.68 million net activity. Wasson John sold $333,320 worth of stock or 8,333 shares. Shares for $48,950 were sold by ECK PHILLIP. Glover Ellen had sold 10,839 shares worth $487,755 on Thursday, September 22. The insider Kesavan Sudhakar sold $414,219.

Another recent and important ICF International Inc (NASDAQ:ICFI) news was published by Streetinsider.com which published an article titled: “Form 4 ICF International, Inc. For: Nov 04 Filed by: ECK PHILLIP” on November 04, 2016.

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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